Updated Sep 5, 2024
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
Vernon-Rockville 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
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93