Multi-Tenant Medical Office Building

Multi-Tenant Medical Office Building | Bloomfield, CT

Sands Investment Group is Pleased to Present For Sale a Fully Occupied Multi-Tenant Medical Office Building in Bloomfield CT. Our Client Originally Built the Property in 1991 to House His Dental Practice and Other Medical Offices For Investment. In 2017, Our Client Sold His Practice to 42 North Dental, a DSO Controlling 100+ Practices in the Northeast and Who Continue to Operate Out of the Property. This Deal Offers Strong Long Standing Tenants and the Opportunity For Future Lease Improvements For a Greater Share of Expense Reimbursement. Recent Capital Improvements Make This a Turn-Key Investment.

  • Strong Corporate Guarantee – 42 North Dental is a Boston Based DSO Controlling Over 100 Practices in the Northeast
  • Fully Occupied Building – In Addition to 42 North, the Remaining Tenants Are All Long Standing Medical Tenants on Short Term Flexible Leases Presenting Opportunity For Improved Terms With a New Owner
  • Recent CapEx – Ownership Recently Completed $200,000 in Capital Upgrades Including New Roof, HVAC, Driveway, and Sidewalk
  • Location – The Property Sits Approximately 3-Miles From Route 91 Providing Access to Hartford, Springfield, Boston, and All Points North and South
  • Strong Neighbors – The Property is in a Small Medical Office Park Which Features 3 Main Connecticut Healthcare Brands in Hartford Healthcare, Starling Physicians and ProHealth
  • Strong Demographics – The Location Sees Over 172,000 people in a 5-Mile Radius With an Average Household Income of $95,000

BoR: Andrew Ackerman – Lic. CT #REB.0792529

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