Bid Date Thursday, March 29
Please submit your bid to a member of the marketing team, before close of business on the bid date
Please detail the following in your bid letter:
- Proposed purchase price
- Timing of inspection period and closing
- Amount of earnest money, including the amount that is non-refundable
- Source of funds for the acquisition
- Summary of closed transactions and references
Investment Highlights:
- Trailing 10-Year 100% Historical Occupancy
- 12,000 SF Additional Development Opportunity
- 72% of GLA Affiliated with Hartford Healthcare (Moody’s A2)
- Proximate to Hospital-Based Cancer Center
- High-Acuity, Complimentary Uses
- Visibility, Convenience and Access
Property Summary:
- Occupancy – 100%
- Size – 27,685 SF
- Year Built – 1998
- Land Area – 6.29 Acres
- Anchor Tenant – The Hospital of Central Connecticut
The Opportunity
Holliday Fanogilo Fowler. L.P. (HFF). has been retained on an exclusive basis with respect to the disposition of 440 New Britain Avenue, Plainville. Connecticut (the Property or the M0B). 440 New Britain is a 27.685 square foot. 100% triple net leased, hospital. anchored medical office building. 3 of 4 tenants have just signed lease renewals between 5 and 10 years. extending the already 12+ years of average historical in-pIace occupancy. The anchor tenant, The Hospital of Central Connecticut (THOCC”. “the Hospital or the System”), is the second largest hospital by bed count and total patient revenue in Connecticut. A flagship Hospital within the Hartford HealthCare (Moody’s A2) network. THOCC leases 36% of the GLA.
Exclusive Advisors
| Ben Appel Sr Director 215.872.9903 bappel@hfflp.com Investment Advisory |
Evan Kovac Managing Director 206.576.0033 ekovac@hfflp.com Investment Advisory |
Andrew Milne Director 858.812.2370 amilne@hfflp.com Investment Advisory |
| Anthony Frogameni Director 407.745.3913 afrogameni@hfflp.com Investment Advisory |
Dana Brome Sr Managing Director 860.614.666 dbrome@hfflp.com Financing |
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