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:
- 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.
Players
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