1166 Farmington Ave - Medical FOR SALE


Berlin, CT 06037 | 
$2,650,000 USD
860-307-5945
1166 Farmington Ave, Berlin, CT for Sale
$2,650,000 USD
Medical - FOR SALE
1/4
null | 6.42% Cap Rate

1166 Farmington Ave
Berlin, CT 06037


HIGHLIGHTS

  • Fully occupied by Starling Physicians Group under a recently signed NNN lease.
  • Located on a signalized intersection along Farmington Avenue with excellent local connectivity.
  • Offers strong roadside visibility and a large on-site parking lot supporting tenant operations.
  • Situated close to Route 9, providing direct access to I-91 and greater Hartford metro.
  • Affiliation with an extensive healthcare network ensures tenant stability and consistent occupancy.
  • Features a well-maintained, attractive medical office facility suitable for specialized use.

OVERVIEW

A rare chance to own a fully leased medical office building anchored by one of New England's most trusted healthcare names. Starling Physicians Eye Center occupies the building under a newly signed five-year NNN lease with multiple option periods, delivering a 6.4 cap rate and dependable, hands-off income from day one. The property sits in a prime position on Farmington Avenue, holding down a corner location at a lighted intersection with a large parking lot. Visibility, access, and convenience all work in the owner's favor, and they work for the tenant too. Starling Physicians is a leading physician-owned multispecialty medical group operating over 30 locations across Connecticut. The practice features more than 300 healthcare providers delivering coordinated care across 27 distinct medical specialties. Central administrative offices are located in Rocky Hill, CT, while major clinical facilities are situated in New Britain, Wethersfield, Avon, Berlin and Newington. For investors looking to add stability backed by an industry leader, 1166 Farmington Avenue is the opportunity to act on and brings a credit-quality tenant to your portfolio.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

6.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

CCD-2

APN/PARCEL ID

BERL-000094-000094-000002

ASK ABOUT THIS PROPERTY

Mario LongobuccoColdwell Banker Commercial RealtyMore Info
860-307-5945

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Mario LongobuccoColdwell Banker Commercial RealtyMore Info
860-307-5945

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.