Derrick Dougherty And Mark Krantz Of Marcus & Millichap Represent Buyer In $6.2M New Fairfield Retail Sale

The transaction involved Heritage Plaza, a retail asset located at 28 Connecticut Highway 39 in New Fairfield, CT. The shopping center has a total square footage of 26,403 and was fully leased to tenants, including First Step Pre-School and New Fairfield Animal Hospital. The sale price of the property was $6,200,000, reflecting a price per square foot of $235.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,200,000
• Address: 28 Connecticut Highway 39
• Market: New Fairfield, CT
• Square Footage: 26,403
• Price Per Square Foot: $235
• Buyer's Representatives: Derrick Dougherty & Mark Krantz - Marcus & Millichap
• Seller's Representatives: Chris Betting, Karly Iacono & Dean Rosenzweig - CBRE

CBRE facilitated the transaction, representing the sellers in the process. The involvement of Marcus & Millichap's representatives, Derrick Dougherty and Mark Krantz, provided support to the buyers, ensuring a successful closing for this fully leased property.