The downtown Bristol office-complex that houses The Wheeler Health & Wellness Center and other health tenants sold recently for $3.5 million, brokers say.
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The downtown Bristol office-complex that houses The Wheeler Health & Wellness Center and other health tenants sold recently for $3.5 million, brokers say.
C-8 LLC sold a pair of edifices totaling 20,324 square feet to Sunset Restoration, according to exclusive broker Colliers International. The sales price translates to a 7.5 percent cap rate.
Known as Stony Brook Commons, the two-story buildings on 1.74 acres front two main thoroughfares. One at 10 N. Main St. has 9,300 square feet housing Wheeler. The other, with 11,024 square feet, fronts 4 Riverside Ave.
Both are fully tenanted, with long-term leases, Colliers said.
Bristol Hospital's Behavioral Healthcare unit also occupies space in the 10 N. Main building.
At 4 Riverside, United Bank operates a branch there.
$3.75M Coventry listing
A developable 150-acre Coventry parcel has been put on the market with a $3.75 million asking price, the broker says.
The acreage at the intersection of Route 6 and Route 44 in Coventry, also accessible from I-384, is close to Buckland Hills mall, UConn and Mohegan Sun Casino, according to listing broker Reno Properties Group. Average daily traffic through the property is 35,000 vehicles.
Mixed-use development opportunities, Reno Properties said, include office, retail, residential, multi-family, recreation and academic.
$615K Hartford apartment listing
A 15-unit apartment building in Hartford's Asylum Hill neighborhood is on the market for $615,000, brokers say.
The three-story brick building at 1 Huntington St. has had numerous upgrades in recent years, according to listing broker Reno Properties Group Inc.
Those include a new rubber roof, new gas boiler and heating-system controls, fire escapes, windows, and electrical system, Reno said.
It has 12 one-bedroom and three two-bedroom units.
BioSafe’s East Hartford buy
East Hartford's BioSafe Systems has acquired for $900,000 a local commercial building to expand its operations providing sustainable sanitizers, insecticides and other anti-microbial products.
Fairview Run LLC bought the 8,100-square-foot building at 207 Pitkin St. from SS&S Realty LLC, according to sole broker Colliers International.
BioSafe currently has operations at 22 Meadow St. in East Hartford.
$250K Elmwood sale
Puritan Furniture's former corner showroom in West Hartford's Elmwood section recently sold for $250,000, brokers say.
Kellie Zeytoonjian bought the 5,712-square-foot building at 1041 New Britain Ave., at the intersection with New Park Avenue, from Deane Realty Corp., according to exclusive broker Colliers International.
Sandwiched between Estate Buys of West Hartford and the service driveway for Legrand North America/Wiremold, the vacant building had sat idle and on the market for a number of years.
Puritan's main showroom and clearance center are at 1061 New Britain Ave.
Cheshire med-office space
There is 3,179 square feet of available Class A space in a Cheshire medical-office building, the leasing broker says.
The third-floor space at 1154 Highland Ave. bears an $18-a-square-foot lease rate, according to Reno Properties Group.
Existing tenants in the 25,777-square-foot building on 2.15 acres include: St. Mary's Hospital; Gaylord Physical Therapy & Sports Medicine; Franklin Medical Group; and IAT Insurance Co. Ltd.
Gregory Seay is the Hartford Business Journal News Editor.
