Updated Jan 7, 2025
Wendy's In Plainville, CT Sold For $2.61M With Brokers Josh Kanter, Anthony D'Ambrosia, Stewart Hickey & Glen Kunofsky
2 Pratt Road
$2,608,696
$869/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jan 27, 2025
About this deal
AI
The property asset involved in this transaction is a retail asset located at 2 Pratt Road in Plainfield, CT. The sale price for the property was $2,608,696. This asset encompasses a total square footage of 3,000, which translates to a price per square foot of $869.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,608,696
- Address: 2 Pratt Road
- Market: Plainfield, CT
- Square Footage: 3,000
- Price Per Square Foot: $869
- Brokers: Josh Kanter, Anthony D'Ambrosia, Stewart Hickey, Glen Kunofsky - NNN Pro Group
NNN Pro Group, in collaboration with their broker of record Bang Realty-New England, Inc, successfully brokered the sale of the Wendy's located in Plainville, CT, highlighting the involvement of key individuals in this retail transaction.
On the Map
$2,608,696
$869/SF
Retail
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Players
Plainfield 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
6.08%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93