Updated Dec 4, 2024
NNN Pro Group & Atlantic Retail Complete Retail Sale In Avon For $1.915M
265 West Main Street
$1,915,000
$287/SF
Building Size
6,668 SF
Asset Type
Retail
Closing
Apr 22, 2024
About this deal
AI
The retail property located at 265 West Main Street in Avon, CT, was recently sold for $1,915,000. Spanning 6,668 square feet, the property was transacted at a price per square foot of $287.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,915,000
- Buyer's Rep: Glen Kunofsky, Anthony D'Ambrosia & Josh Kanter - NNN Pro Group
- Seller's Rep: Eric Suffoletto & Danny Griffin - Atlantic Retail
- Address: 265 West Main Street
- Market: Avon, CT
The buyer's representatives for this transaction were Glen Kunofsky, Anthony D'Ambrosia, and Josh Kanter from NNN Pro Group, while the seller's representatives were Eric Suffoletto and Danny Griffin from Atlantic Retail.
On the Map
$1,915,000
$287/SF
Retail
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Players
Avon 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
8.28%
Cash-on-Cash
-2.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93