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
Rocky Hill 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93