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378 Kelly Road, Vernon, Con...

Updated Sep 5, 2024

Horvath & Tremblay Represents Buyer In $5.8M Retail Property Acquisition In Vernon, CT
SOLDRetail

Horvath & Tremblay Represents Buyer In $5.8M Retail Property Acquisition In Vernon, CT

378 Kelly Road, Vernon, Connecticut 06066, United States

$5,825,000

$232/SF

Building Size

25,031 SF

Asset Type

Retail

Closing

Oct 5, 2022

About this deal

AI

Located at 378 Kelly Rd in Vernon, CT, this retail property was recently sold in a closed transaction. The property spans over 25,031 square feet and was sold for $5,825,000, resulting in a price per square foot of $233. The sale was facilitated by Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia of The NNN Pro Group of Marcus & Millichap, who represented the seller. On the buyer's side, Matt Nadler and Hannah Merson from Horvath & Tremblay served as the representatives.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $5,825,000
  • Size: 25,031 square feet
  • Price per square foot: $233
  • Address: 378 Kelly Rd, Vernon, CT
  • Seller's Rep: Glen Kunofsky, Josh Kanter, & Anthony D'Ambrosia - The NNN Pro Group of Marcus & Millichap
  • Buyer's Rep: Matt Nadler & Hannah Merson from Horvath & Tremblay

The sale of this retail property highlights the collaboration of various real estate professionals. Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from The NNN Pro Group of Marcus & Millichap represented the seller, while Matt Nadler and Hannah Merson from Horvath & Tremblay served as the buyer's representatives. Together, they facilitated the successful transaction of this retail asset in Vernon, CT.

Players

Josh Kanter

Surmount

Broker

$626.3M

vol

100 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Vernon-Rockville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $232 per square foot on a published $5.8M for 25,031 square feet (2022).

Visit Glen Kunofsky to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.72%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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