Kennedy Drive Professional Center 35-39 Kennedy Dr 27,350 SF 100% Leased Office Building Putnam, CT 06260 $5,148,675 CAD ($188.25 CAD/SF) 7% Cap Rate

Northeast Private Client Group is pleased to present the Kennedy Drive Professional Center a 27,350 +/- GLA SF medical office/professional center located in Putnam, Connecticut.
The Kennedy Drive Professional Center is being offered for the first time since being built in 2002 by the original developer. The buildings have been managed and maintained with a pride of ownership of the past 20 years. The property is comprised of three buildings on the same parcel. The buildings are currently occupied by long-term NNN tenants on recently renewed leases.
The property is located just a minute from downtown Putnam and is only 1 mile from the I-395 entrance/exit ramps. A new owner will have the opportunity to acquire an extremely well-maintained asset with the ability to add-value through scheduled rental escalations and lease-up of 4,000 SF vacant suites.
Discover the vibrant community surrounding the property. Set in the thriving town of Putnam, CT, this area offers an array of appealing amenities and attractions. Investors will appreciate the convenient access to local dining spots like The Crossings Restaurant and Brew Pub, and the historical charm of nearby antiques shops such as Antiques Marketplace. With an abundance of community events, live music, and outdoor recreational opportunities like hiking at nearby Putnam Memorial State Park, the area provides a perfect balance of work and leisure. Experience the unique blend of history and modern amenities that make Putnam an attractive location for prospective office building investors.