Recent Transactions

The New Haven Group arranges the Sale of Avon Medical Office Building

Avon, CT (November 2011) - The New Haven Group's Rob Montesi and Steve Inglese represented the seller and procured the buyer of 40 Dale Road, Avon, CT, a 20,000 s/f medical office building.   The building sold for $1.6 million or $78/sf which represented a 7.9% cap rate.  There was approximately 3,000 sf vacant at the time of sale. 

40 Dale Road is a two story building built in 1988.  It is occupied by predominantly medical office tenants.  Avon, located in the Farmington Valley, is an affluent suburb about 12 miles from Hartford.  The site is located just off Route 44.