Edward Lockery Acquires Medical Office In Tolland, CT For $3.41M
6 Fieldstone Commons, Tolland, CT 06084, USA
$3,410,000
$207/SF
Building Size
16,414 SF
Asset Type
Office
Closing
Sep 17, 2021
AI
Located in Tolland, CT, this medical office property at 6 Fieldstone Commons has changed hands in a recent transaction. The property spans 16,414 square feet, and was sold for a total of $3,410,000, resulting in a price per square foot of $208. The sale was facilitated by Jay Morris from O,R&L Commercial, representing the buyer Edward Lockery and the seller People's United Bank.
Summary of transaction details
- Property Type: Medical Office
- Sale Price: $3,410,000
- Square Footage: 16,414
- Price per Square Foot: $208
- Address: 6 Fieldstone Commons, Tolland, CT
- Market: Tolland, CT
- Buyer: Edward Lockery
- Seller: People's United Bank
- Broker: Jay Morris - O,R&L Commercial
Edward Lockery acquired the property at 6 Fieldstone Commons in Tolland, CT, with the assistance of his broker representative Jay Morris from O,R&L Commercial. The seller, People's United Bank, successfully closed the deal, resulting in a transaction amount of $3,410,000. This medical office property boasts a total area of 16,414 square feet and was sold at a price per square foot of $208.
Players
Tolland Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.65%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93