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1166 Farmington Ave 8,546 SF 100% Leased Office Building Berlin, CT 06037 $2,650,000 ($310.09/SF) 6.42% Cap Rate
Investment Highlights
- Fully occupied by Hartford HealthCare Eye Center under a recently signed NNN lease.
- Offers strong roadside visibility and a large on-site parking lot supporting tenant operations.
- Affiliation with an extensive healthcare network ensures tenant stability and consistent occupancy.
- Located on a signalized intersection along Farmington Avenue with excellent local connectivity.
- Situated close to Route 9, providing direct access to I-91 and greater Hartford metro.
- Features a well-maintained, attractive medical office facility suitable for specialized use.
Executive Summary
1166 Farmington Avenue presents an opportunity to acquire a 100% leased medical office investment anchored by one of New England’s most prominent healthcare networks, Hartford HealthCare. The property operates under a new five-year NNN lease with renewal options, delivering predictable and stable cash flow for investors.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
8,546 SF
Building Class
B
Year Built
2012
Price
$2,650,000
Price Per SF
$310.09
Cap Rate
6.42%
NOI
$170,130
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,546 SF
Building FAR
0.21
Lot Size
0.92 AC
Zoning
CCD-2 - CCD-2
Parking
120 Spaces (14.04 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | BERL-000094-000094-000002 | Improvements Assessment | $1,294,400 |
| Land Assessment | $227,900 | Total Assessment | $1,522,300 |
Property Taxes
Parcel Number
BERL-000094-000094-000002
Land Assessment
$227,900
Improvements Assessment
$1,294,400
Total Assessment
$1,522,300
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1166 Farmington Ave
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