Curaleaf Dispensary Sold In Manchester CT For $3.1M With NNN Pro Group Representation
SOLD
$3,100,000
+ 1
Connecticut
See Similar DealsRetail4,322 SF
Sold 01/28/2025
SOLD
Curaleaf Dispensary Sold In Manchester CT For $3.1M With NNN Pro Group Representation
240 Buckland Street
See Similar DealsRetail4,322 SF
Sold 01/28/2025
+ 1
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$717
Total Square Footage:4,322 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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