Guilford Medical Office Condominium Sells For $550K

GUILFORD, CT — A medical office condominium in the Guilford Glen Medical Center has been sold for $550,000, according to an announcement from O,R&L Commercial, which brokered the transaction.

The 3,166-square-foot first-floor unit at 5 Durham Road is occupied by Northeast Medical Group, part of Yale New Haven Health, a news release from O,R&L Commercial noted. The long-term tenant recently signed a three-year lease renewal and has operated at the site for 25 years.

The sale, which closed at a 10 percent capitalization rate, involved Beantree LLC of Guilford as the seller and RSW Commercial Enterprises, LLC of Portland, as the buyer.

Sam Crampton of O,R&L Commercial’s Branford office represented the seller, while Scott Nardozzi of Cavanaugh & Company LLC in Middletown represented the buyer.

O,R&L Commercial, with offices in Branford and Rocky Hill, facilitates transactions across the office, retail, medical, industrial, multi-family, and investment markets.