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6 Fieldstone Commons, Tolla...

Edward Lockery Acquires Medical Office In Tolland, CT For $3.41M
SOLDOffice

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

Jay Morris

O,R&L Commercial

Broker

$5.5M

vol

2 deals

Broker
PB
People’s United BankSeller

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