BOSTON– EagleBridge Capital, working exclusively on behalf of its client, has arranged permanent mortgage financing in the amount of $2,550,000 for 21 Hyde Road, located in Farmington, Connecticut.
The mortgage financing was arranged by EagleBridge principals Brian Sheehan and Ted Sidel who stated that the loan was provided by a leading Connecticut based financial institution.
21 Hyde Road is a 113,425 square foot, warehouse/distribution building comprised of 6,500 square feet of office space and 106,925 square feet warehouse and distribution space. Clear heights in the warehouse /distribution portion of the building range from 24’ to 30’clear height. There are 10 loading docks. Parking is available for 190 vehicles. .
The building is net leased to Dealer Tire, a national tire, maintenance, and light repair product distribution company that partners with major automobile manufacturers including Audi, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep, Kia, Land Rover, Nissan, Mercedes-Benz, Jaguar, Land Rover, Tesla, Volswagen, and Volvo to create replacement tire, maintenance, and light repair programs for their dealers.
21 Hyde Road is part of a three unit, 328,000 square foot, industrial condominium building in the Farmington Corporate Industrial Park and is easily accessible to Route 6 which provides access to Route I-84 approximately 3.5 miles east of the property.