Curaleaf Dispensary Sold In Manchester CT For $3.1M With NNN Pro Group Representation
240 Buckland Street
$3,100,000
$717/SF
Building Size
4,322 SF
Asset Type
Retail
Closing
Jan 28, 2025
AI
The asset involved in the transaction is a retail property located at 240 Buckland Street in Manchester, CT. The sale price for the property was $3,100,000, with a total square footage of 4,322 and a price per square foot of $717.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,100,000
- Address: 240 Buckland Street
- Market: Manchester, CT
- Square Footage: 4,322
- Price per Square Foot: $717
- Brokers: Glen Kunofsky, Josh Kanter, Anthony D'Ambrosia & Stewart Hickey - NNN Pro Group
NNN Pro, in conjunction with their broker of record Bang Realty-New England, Inc, executed the sale of the Curaleaf dispensary situated at the property address detailed above.
Players
Manchester 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93