Leased Medical Office
For Sale
$2,650,000
1166 Farmington Ave, Berlin, CT 06037
Fully leased medical office building with an Eye Center tenant on a corner at a lighted intersection.
Property Size8,546 SF
Days on Market38
Property Features for 1166 Farmington Ave
General Information
Standard status
Active
Size
8,546 SF
Class
A
Property subtype
Office - Medical Office
Occupancy
100%
Additional Details
Cap Rate
6.4%
Building Details
Building Size
8,546 SF
Year Built
2011
Units
1
Listing Agency:
Coldwell Banker Commercial NRT
(860) 307-5945
Listed By:
Mario Longobucco · License #RES.0778107
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 31
Last Checked: Aug 31 at 1:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial NRT
Investment Insights
Based on property information with market context.
This leased medical office building is occupied by the Hartford HealthCare Eye Center. The tenant occupies the property under a newly signed five-year NNN lease that includes multiple option periods, and the building is described as delivering a 6.4 cap rate.
Located at 1166 Farmington Ave in Berlin, CT 06037, the property is positioned on a corner at a lighted intersection. The asset also includes a large parking lot, supporting convenient on-site access for patients and visitors.
The property is presented as a turn-key, income-producing medical facility with a credit-quality healthcare network tenant.
Located at 1166 Farmington Ave in Berlin, CT 06037, the property is positioned on a corner at a lighted intersection. The asset also includes a large parking lot, supporting convenient on-site access for patients and visitors.
The property is presented as a turn-key, income-producing medical facility with a credit-quality healthcare network tenant.
Key Highlights
- 2011‑built medical office building currently fully leased to Hartford HealthCare Eye Center
- Tenant has a newly signed five‑year NNN lease with multiple option periods
- Corner location at a lighted intersection on Farmington Avenue
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 06037, CT
18,855
Population
7,894
Households
2.4
Avg Household Size
48
Median Age
44%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
739
Density / Sq Mi
$110,443
Median Household Income
$60,018
Median Earnings
$1,429
Median Rent
$345,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Luckstone Jaclyn A DVM — 977 Farmington Ave, Berlin, CT 06037
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- Foisy-Cooper Isabelle DVM — 369 New Britain Rd STE D, Kensington, CT 06037, United States
- David Hester, DVM — 369 New Britain Rd, Kensington, CT 06037
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office building with an Eye Center tenant on a corner at a lighted intersection.
Where is this medical office space located?
The property is located at 1166 Farmington Ave Berlin, CT.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 2011‑built medical office building currently fully leased to Hartford HealthCare Eye Center; Tenant has a newly signed five‑year NNN lease with multiple option periods; Corner location at a lighted intersection on Farmington Avenue
