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Marcus & Millichap Facilitates $14.3 Million Sale Of Big Y Plaza In Rocky Hill, CT
SOLD
$14,300,000
Connecticut
See Similar DealsRetail60,947 SF
Sold 01/13/2026
SOLD
Marcus & Millichap Facilitates $14.3 Million Sale Of Big Y Plaza In Rocky Hill, CT
1040 Elm Street
See Similar DealsRetail60,947 SF
Sold 01/13/2026
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$234
Total Square Footage:60,947 SF
Transaction Type:Sale
Big Y Plaza, a fully leased grocery-anchored shopping center, was sold for $14,300,000. The property encompasses 60,947 square feet and is located at 1040 Elm Street in Rocky Hill, CT. The price per square foot for this transaction was $235.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $14,300,000
- Address: 1040 Elm Street
- Market: Rocky Hill, CT
- Square Footage: 60,947
- Price Per Square Foot: $235
- Brokers: Joseph French Jr. & Jeffrey Stearney - Marcus & Millichap
- Buyer: New York investor
- Seller: Connecticut private company
- Broker of record in Connecticut: John Krueger
Marcus & Millichap was responsible for negotiating the transaction, marketing the property for the seller. The involvement of Joseph French Jr. and Jeffrey Stearne as brokers indicates their role in facilitating this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$762,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,804.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,789.30
Annual Debt Service$813,471.55
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