Waterfront Medical Office
For Sale
Contact for pricing
2 Forest Park Dr, Farmington, CT 06032
Medical office campus with nine buildings on a waterfront setting, close to UCONN John Dempsey Hospital.
Property Size90,000 SF
Lot Size10.50 Acres
Price / SF$97.22
Days on Market895
Property Features for 2 Forest Park Dr
General Information
Standard status
Active
Size
90,000 SF
Lot size
10.50 Acres
Property subtype
OFFICE
Financials
Cap Rate
8%
Business Included
No
Listing Agency:
Regions Commercial, LLC
(860) 854-6500
Listed By:
Michael Guidicelli, CCIM, SIOR
(860) 371-7103
Source:
Moodyscre
Added: Apr 2, 2024
Changed: Sep 8
Last Checked: Sep 13 at 9:26AM
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 Regions Commercial, LLC
Investment Insights
Based on property information with market context.
New to market for sale is an approximately 90,000 SF value-add medical office campus on a 10.5-acre waterfront property in Farmington, CT. The campus is spread across nine buildings and is positioned for medical-focused occupancy given its proximity, listed as seconds away, from UCONN John Dempsey Hospital.
The offering is presented with an annual NOI of $700,000 and an asking price of $8,750,000. The remarks also state an actual cap rate of 8%.
This multi-building medical office configuration can support a range of tenant layouts across the campus while maintaining the shared waterfront setting and cohesive park-like environment.
The offering is presented with an annual NOI of $700,000 and an asking price of $8,750,000. The remarks also state an actual cap rate of 8%.
This multi-building medical office configuration can support a range of tenant layouts across the campus while maintaining the shared waterfront setting and cohesive park-like environment.
Key Highlights
- Approximately 90,000 SF medical office campus across 9 buildings
- 10.5‑acre waterfront campus setting in Farmington, CT
- NOI of $700K with an actual cap rate of 8%
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 06032, CT
19,060
Population
8,539
Households
2.2
Avg Household Size
45
Median Age
66%
College-Educated
96%
High-School Grad
23.1 sq mi
ZIP Area
825
Density / Sq Mi
$131,488
Median Household Income
$70,388
Median Earnings
$1,828
Median Rent
$419,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office campus with nine buildings on a waterfront setting, close to UCONN John Dempsey Hospital.
Where is this medical office space located?
The property is located at 2 Forest Park Dr Farmington, CT.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: Approximately 90,000 SF medical office campus across 9 buildings; 10.5‑acre waterfront campus setting in Farmington, CT; NOI of $700K with an actual cap rate of 8%
