HORVATH & TREMBLAY SELLS PROFESSIONAL BUILDING IN EAST HARTFORD, CT FOR $2,100,000

February 9, 2024 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of 36 Main Street in East Hartford, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,100,000.

The Professional Building is located at 36 Main Street in East Hartford, Connecticut. The Property was constructed in 1985 and extensively renovated in 2014 and contains 12,494 square feet on a 1.12-acre parcel of land. The well-maintained Property features five (5) suites and is 100% leased to an attractive mix of office and neighborhood service tenants. All of the Tenants have scheduled annual rent increases in their primary lease terms and throughout each of their option periods providing a steady increase in income and an attractive hedge against inflation. 36 Main Street offers excellent visibility and frontage along Main Street. Additionally, the property is visible from the heavily travelled CT Route 2, one of Central Connecticut’s primary highways offering exposure to more than 56,800 vehicles per day. The property further benefits from two points of access and abundant on-site parking. Additionally, the Property is situated along the municipal bus line and benefits from a stop adjacent to the Property. The Property enjoys a prime location along Main Street in between the junction of Connecticut Routes 2 and 3 and Interstate 84, providing convenient access to Hartford (5.5-miles) and all areas of the state. The Property sits at the northern end of a pocket of dense commercial development including the Putnam Bridge Plaza, a regional center that is anchored by Home Depot, ShopRite and TJ Maxx, The Putnam Plaza, a Stop & Shop, and the Shops at Somerset Square. Approximately 1.5-miles north along Main Street is an expansive Pratt & Whitney campus (home to more than 7,000 employees), United Technologies, Coca Cola Distribution Center, Rentschler Field (home of UCONN Football), and Cabela’s, all of which attract residents and shoppers from all of Central Connecticut.