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240 Buckland Street

Curaleaf Dispensary Sold In Manchester CT For $3.1M With NNN Pro Group Representation
SOLDRetail

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:

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

Glen Kunofsky

Surmount

Broker

$768.6M

vol

106 deals

Broker

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