Horvath & Tremblay Represents Both Buyer And Seller In $1.92M Sale Of Retail Gas Station In Norwalk

The property involved in the transaction is a Shell Gas Station located at 395 Main Avenue, Norwalk, CT. The sale price for the asset was $1,920,000. The property encompasses a total area of 1,624 square feet and has a price per square foot of $1,182. It has been operating under an absolute NNN lease since 1966 and features eight fueling stations, complemented by strong visibility and highway access.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,920,000
• Address: 395 Main Avenue
• Market: Norwalk, CT
• Square Footage: 1,624
• Price Per Square Foot: $1,182
• Brokers: Robert Horvath, Todd Tremblay & Matthew Nadler - Horvath & Tremblay

Horvath & Tremblay facilitated the transaction by representing both the seller and the buyer. The firm played a crucial role in arranging the sale, showcasing their expertise in the retail asset market.