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377 Cromwell Avenue

Chozick Realty Inc. Sells Hillview Plaza Retail Property In Rocky Hill, CT For $11M
SOLDRetail

Chozick Realty Inc. Sells Hillview Plaza Retail Property In Rocky Hill, CT For $11M

377 Cromwell Avenue & 397 Cromwell Avenue

$11,000,000

$162/SF

Building Size

67,598 SF

Asset Type

Retail

Closing

Dec 22, 2023

AI

Hillview Plaza and Hillview Plaza North located at 377-397 Cromwell Avenue in Rocky Hill, CT have been sold for an impressive $11 million. The retail property spans a total of 33,799 square feet and was sold at a price of $325.45 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $11,000,000
  • Address: 377-397 Cromwell Avenue, Rocky Hill, CT
  • Market: Rocky Hill, CT
  • Square Footage: 33,799
  • Price per Square Foot: $325

Jordan Pinto and Tom Boyle from Chozick Realty represented the buyer and successfully marketed and sold the property.

Note: Tom Boyle and Jordan Pinto of Chozick Realty Inc. marketed and sold Hillview Plaza and Hillview Plaza North, also known as Route 3, for $11 million or $325.45 per square foot.

Players

Tom Boyle

Lee & Associates

Broker

$109.3M

vol

13 deals

Broker

Rocky Hill Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93