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Multi-tenant Office Building Sold In Wethersfield For $21.25M With Horvath & Tremblay As Brokers
SOLD
$21,250,000
Connecticut
See Similar DealsOffice18,133 SF
Sold 09/19/2025
SOLD
Multi-tenant Office Building Sold In Wethersfield For $21.25M With Horvath & Tremblay As Brokers
415 Silas Deane Highway
See Similar DealsOffice18,133 SF
Sold 09/19/2025
Summary
CONNECTICUT
Asset Type:Office
Price Per Square Foot:$1,171
Total Square Footage:18,133 SF
Transaction Type:Sale
A 100% leased, multi-tenant office building located at 415 Silas Deane Highway in Wethersfield, CT, was sold for $21,250,000. The property encompasses 18,133 square feet, resulting in a price per square foot of $1,172.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $21,250,000
- Address: 415 Silas Deane Highway, Wethersfield, CT
- Square Footage: 18,133
- Price Per Square Foot: $1,172
The transaction involved brokers Robert Horvath, Todd Tremblay, and Tom Connor, representing Horvath & Tremblay in the sale of the property.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,133,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$75,496.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,735.84
Annual Debt Service$1,208,830.09
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