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

Property Image
SOLD
$11,000,000
Jordan Pinto
Tom Boyle

Connecticut

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Retail67,598 SF
Sold 12/22/2023
the dealplayerscompscontact
Property Image
SOLD

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

377 Cromwell Avenue & 397 Cromwell Avenue

See Similar Deals
Retail67,598 SF
Sold 12/22/2023
Jordan Pinto
Tom Boyle
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$162
Total Square Footage:67,598 SF
Transaction Type:Sale

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
Tom Boyle
13 deals$109.3M volume(773) 355-5079
BROKER
Jordan Pinto
Chozick Realty
Jordan Pinto
2 deals$23.9M volume
BROKER

Details

SOLD
IMAGE: Jordan Pinto & Tom Boyle DATE: 12/22/2023 ADDRESS: 377-397 Cromwell Avenue MARKET: Rocky Hill, CT ASSET TYPE: Retail BROKERS: Jordan Pinto & Tom Boyle - Chozick Realty SALE PRICE: $11,000,000 SF: 33,799 ~ PPSF: $325 NOTE: Tom Boyle and Jordan Pinto of Chozick Realty Inc. have successfully marketed and sold Hillview Plaza and Hillview Plaza North at 377-397 Cromwell Ave., also known as Route 3, spanning 33,799 square feet, for a notable $11 million or $325.45 per square foot.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$586,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34