Stamford Medical Office Building Sold for $4M

According to the Hartford Business Journal, 1290 Summer Street LLC has purchased a five-story, 42,921-square-foot medical office building at 1290 Summer St. in Stamford for $4 million. The building, which sits on a 0.8-acre lot encompassing 1290 Summer St. and 189 Franklin St., features 118 parking spaces and is near major highways and healthcare facilities. The property was previously bought for $12 million in 2015 and is appraised at $8.37 million, with the new owner planning to transform it into a premier health destination to enhance medical services in Stamford.

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