85 Barnes Rd
Wallingford, CT 06492
The Keystone Bldg · Office Property For Sale

Available for purchase is the third floor medical office condo located in the Keystone Building at 85 Barnes Road in Wallingford. The third floor comprises approximately 10,000 square feet of the approximately 30,000 square foot building. The primary tenant of the subject office condo is Hartford Hospital, including two divisions: Hartford Healthcare PhysicianCare and Hartford Hospital Rehabilitation Network. There is also an orthotics and prosthetics tenant and a vacancy, the latter providing upside to prospective buyers. The asking price of $1.5 million represents a 11.57% cap rate on the in-place income. There are over five years remaining on the leases for the two Hartford Hospital divisions.