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Marcus & Millichap Sells Bank Of America Retail Asset In Windsor Connecticut For $2.6M

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SOLD
$2,600,000

Connecticut

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Retail4,650 SF
Sold 07/22/2025
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Property Image
SOLD

Marcus & Millichap Sells Bank Of America Retail Asset In Windsor Connecticut For $2.6M

1045 Kennedy Road

See Similar Deals
Retail4,650 SF
Sold 07/22/2025
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Summary

CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$559
Total Square Footage:4,650 SF
Transaction Type:Sale

A retail asset located at 1045 Kennedy Road in Windsor, CT, was sold for $2,600,000. The property encompasses 4,650 square feet, translating to a price per square foot of $559. The asset was marketed for a private Connecticut investor and sold to a private investor from Florida, benefiting from its proximity to notable retailers, corporate tenants, and economic hubs such as Bradley Airport and Amazon.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,600,000
  • Address: 1045 Kennedy Road
  • Market: Windsor, CT
  • Square Footage: 4,650
  • Price Per Square Foot: $559
  • Brokers: Mark Krantz & Derrick Dougherty - Marcus & Millichap

This transaction involved the brokerage expertise of Mark Krantz and Derrick Dougherty, who represented the seller in this deal. The transaction highlights the market activity focused on retail investments in the Windsor area, showcasing the involvement of both a private Connecticut investor and a Florida-based buyer.

Players

Derrick Dougherty
27 deals$178.4M volume
BROKER

Mark Krantz
Marcus & Millichap
13 deals$58.2M volume(215) 531-7056
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: 07/23/2025 ADDRESS: 1045 Kennedy Road MARKET: Windsor, CT ASSET TYPE: Retail BROKERS: Mark Krantz & Derrick Dougherty - Marcus & Millichap SALE PRICE: $2,600,000 SF: 4,650 ~ PPSF: $559 NOTE: Marcus & Millichap sold a $2.6M, 4,650-sq-ft Bank of America in Windsor, CT, marketed for a private Connecticut investor; the buyer is a Florida-based private investor. The property benefits from its location near major retailers, corporate tenants, and regional economic drivers like Bradley Airport and Amazon.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$138,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92