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265 West Main Street

NNN Pro Group & Atlantic Retail Complete Retail Sale In Avon For $1.915M
SOLDRetail

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

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:

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.

Players

Eric Suffoletto

Atlantic Retail

Broker

$95.9M

vol

16 deals

Broker

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