NNN Pro Group Closes $12.6M Kohl's And ALDI Property Sale In Rocky Hill, CT
SOLD
$12,600,000
+ 1
Connecticut
See Similar DealsRetail107,190 SF
Sold 05/10/2024
SOLD
NNN Pro Group Closes $12.6M Kohl's And ALDI Property Sale In Rocky Hill, CT
1863 Silas Deane Highway
See Similar DealsRetail107,190 SF
Sold 05/10/2024
+ 1
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$117
Total Square Footage:107,190 SF
Transaction Type:Sale
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:
- Property Type: Retail
- Transaction Amount: $12,600,000
- Address: 1863 Silas Deane Highway
- Market: Rocky Hill, CT
- Brokers: Anthony (Tony) D'Ambrosia, Glen Kunofsky, Richard Nardi, Josh Kanter - NNN Pro Group
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$672,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,765.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,730.43
Annual Debt Service$716,765.14
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