Updated Nov 24, 2023
Investor Acquires 40K SF Medical Office Building In Danbury For $15M
69 Sand Pit Road Danbury, Connecticut 06810, USA
$15,000,000
$375/SF
Building Size
40,000 SF
Asset Type
Other
Closing
Jun 15, 2023
About this deal
AI
A 40,000-square-foot medical office building located in Danbury's medical office corridor has been sold for $15 million. The property, situated at 69 Sandpit Road, was purchased by an investor specializing in healthcare real estate. This transaction signifies the strong demand for medical office properties in the area.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $15,000,000
- Square footage: 40,000
- Price per square foot: $375
- Address: 69 Sandpit Road, Danbury, CT
- Market: Danbury, CT
The deal was facilitated by Lisa Menin from Jacobson Properties. As the buyer's representative, Lisa Menin played a crucial role in ensuring a successful transaction. This sale demonstrates the expertise of both the buyer and their representative in healthcare real estate investments. The property's prime location within Danbury's medical office corridor makes it a highly desirable asset for investors in the healthcare sector.
Players
Danbury Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93