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1863 Silas Deane Highway

NNN Pro Group Closes $12.6M Kohl's And ALDI Property Sale In Rocky Hill, CT
SOLDRetail

NNN Pro Group Closes $12.6M Kohl's And ALDI Property Sale In Rocky Hill, CT

1863 Silas Deane Highway

$12,600,000

$117/SF

Building Size

107,190 SF

Asset Type

Retail

Closing

May 10, 2024

AI

The property involved in the transaction is a retail asset located at 1863 Silas Deane Highway in Rocky Hill, CT. The property, which comprises a total of 107,190 square feet, was sold for $12,600,000, translating to a price per square foot of $118.

Summary of transaction details:

NNN Pro Group facilitated the sale of the Kohl's and ALDI property in Rocky Hill, CT. The brokers involved in the deal were Anthony (Tony) D'Ambrosia, Glen Kunofsky, Richard Nardi, and Josh Kanter from NNN Pro Group.

Players

Richard Nardi

Surmount

Broker

$35.5M

vol

4 deals

Broker

Rocky Hill Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.26%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93