Barnard Lane Portfolio

1 Barnard Ln & 705 Bloomfield Avenue, Bloomfield, CT 06002

Property Information

  • For Sale $3,325,000
  • Property Type Office - Medical Office
  • Property Size 19,633 SF
  • Units 10
  • Lot Size 2.16 Acre
  • Parking Ratio 5.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1977
  • Year Renovated 2014
  • Date Updated May 5, 2026

Description

1 Barnard Lane and 705 Bloomfield Avenue are strategically positioned in the center of Bloomfield, Connecticut, a mature suburban community located minutes north of Hartford. The town serves as a key medical and professional services hub for the Greater Hartford region, supported by strong demographics, excellent regional connectivity, and proximity to major employment centers. The properties benefit from immediate access to leading healthcare anchors—Trinity Health and Hartford Hospital —both of which operate significant facilities less than a half‑mile from the site. The properties benefit from immediate access to leading healthcare anchors—Trinity Health and Hartford Hospital—both of which operate significant facilities less than a half‑mile from the site. The properties benefit from a highly central location near Bloomfield’s civic core, with close proximity to Town Hall, municipal offices, and public buildings, including the town’s newly developed library and community facilities. This concentration of civic investment reinforces the area’s role as a focal point for daily activity and long‑term community growth, enhancing visibility and convenience for medical practices and professional users. Both buildings enjoy exceptional regional connectivity. The sites are located just off Route 305 (Cottage Grove Road) and Route 189 (Bloomfield Avenue), providing direct access to Interstate 91, Interstate 291, and the broader regional highway network. This accessibility allows patients, staff, and providers to reach the properties easily from Bloomfield, Windsor, West Hartford, Hartford, and surrounding communities. The immediate area features a strong mix of established commercial uses, retail amenities, and recent residential development, including new and redeveloped housing that supports continued demand for healthcare and professional services. Nearby retail destinations such as Wintonbury Mall, along with grocery, pharmacy, dining, and service‑oriented retailers, further enhance convenience for tenants and visitors. Bloomfield’s stable residential base, combined with proximity to major employers such as Cigna, The Hartford, and Kaman Corporation, supports sustained demand for outpatient medical and office services. Ongoing public and private investment in infrastructure, civic buildings, and residential development further reinforces the town’s appeal as a long‑term location for healthcare and professional tenants. Together, 1 Barnard Lane and 705 Bloomfield Avenue offer a centrally located, highly accessible, and amenity‑rich setting ideally suited for medical office users seeking a strong presence in the Greater Hartford market.

Highlights

  • 100% Occupied Medical Office Investment
  • 3.5-year WALT as of April 22, 2026, with staggered lease expirations through 2031, limiting rollover risk while preserving flexibility.
  • Below-Market Rents Provide Future Upside: Several in-place leases, particularly long-term medical tenants, are below prevailing market rental rates, creating meaningful organic NOI growth potential upon rollover or renewal.
  • Combined projected 2027 Net Operating Income of approximately $236,196, supported by an established. operating history and approx. $4,000 in rent bumps in 2026/2027
  • Convenient and ample (6.6/100 ratio) parking and efficient ingress/egress support patient traffic and staff operations.
  • Ideal for investors seeking stable income, downside protection, and long-term rent growth in the suburban Greater Hartford market.
  • Long-term, stable ownership: The property has been held by the same owner for 29 years, providing exceptional continuity and stewardship.
  • Majority of tenants consist of physician practices and healthcare providers, offering needs-based, recession-resistant occupancy.
  • Medical-Focused Tenancy (˜85%) with an average tenure of 9.1 years
  • Positioned along a primary commercial corridor with strong visibility, surrounding residential density, and complementary medical uses.
  • Resilient Suburban Healthcare Asset
  • Strategic Bloomfield Avenue Location
  • Strong In-Place Cash Flow
  • Suites configured with exam rooms, reception areas, consultation offices, and support spaces, reducing downtime and re-tenanting costs.
  • Traditional commercial construction with brick façades, well-suited for long-term medical and professional office use.
  • Two well-located commercial buildings totaling approximately 19,633 SF, plus 9,333 SF of basement space, fully leased to a diverse tenant base.

Contacts

Tom York

Goman+York

Location

Contact Listing Broker
Tom York

Goman+York

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