Coldwell Banker Realty
Listed by Coldwell Banker Commercial NRT Danbury, Coldwell Banker Realty
$1,350,000
Stabilized Medical Condo Portfolio
Details
Property Type Office
Sub Type Medical Office
Square Footage 4,678
Cap Rate 7.49%
NOI $101,072
Occupancy 100%
Lease Type NNN
Lease Expiration 07/09/2035
Remaining Term 9
Rent Bumps Yes
Price per SqFt $289
Class B
Year Built 2006
Year Renovated 2025
Buildings 2
Zoning C-3 and BHC
Investment Type Stabilized
Stable Medical Office Condo Portfolio For Sale
Marketing description
Coldwell Banker Commercial is pleased to present the opportunity to acquire a two-property medical office investment portfolio consisting of condominium units located at 1090 Meriden Waterbury Turnpike in Cheshire, CT and 72 Pine Street in Bristol, CT. Both units are leased to the same established medical tenant under long-term leases, providing stable and predictable income across two well-located professional medical buildings in strong healthcare corridors. This offering allows investors to acquire two income-producing healthcare assets with simplified management and geographic diversification, while also providing the flexibility to purchase the properties individually or as a portfolio.
Investment highlights
- Two-Property Medical Office Investment Portfolio Consisting Of Condominium Units At 1090 Meriden Waterbury Turnpike in Cheshire And 72 Pine Street In Bristol, Connecticut
- Both Properties Leased To The Same Medical Tenant, Providing Consistent Income And Simplified Management
- Long-Term Leases In Place Offering Predictable Cash Flow From Healthcare Real Estate
- Located Within Established Medical Office Buildings Serving their Respected Healthcare Market
- Strong Accessibility to Major Regional Roadways Allowing Convenient Patient Access
- Passive Medical Office Investment Opportunity With Limited Day-To-Day Management Requirements
Listing Contacts
Coldwell Banker Realty
Listed by Coldwell Banker Commercial NRT Danbury, Coldwell Banker Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,072.00
$8,422.67/mo
Valuation Metrics
0
DSCR
7.49%
Cap Rate
7.49%
ROI
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