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Marcus & Millichap Brokers $5.2M Sale Of Retail Center In Plainville Connecticut

Property Image
SOLD
$5,200,000
Frank Amodio
Eric Amodio
+ 1

Connecticut

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Retail34,194 SF
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Property Image
SOLD

Marcus & Millichap Brokers $5.2M Sale Of Retail Center In Plainville Connecticut

5 Farmington Avenue

See Similar Deals
Retail34,194 SF
Sold
Frank Amodio
Eric Amodio
+ 1
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Summary

CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$152
Total Square Footage:34194 SF
Transaction Type:Sale

The property involved in the transaction is a retail center located at 5 Farmington Avenue in Plainville, Connecticut. The asset has a total square footage of 34,194 and is currently 93% leased to office, medical, and retail tenants. The sale price for this transaction was set at $5,200,000, which translates to a price per square foot of $152.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,200,000
  • Address: 5 Farmington Avenue
  • Market: Plainville, CT
  • Square Footage: 34,194
  • Price per Square Foot: $152
  • Buyer's Representative: Mark Krantz & Derrick Dougherty - Marcus & Millichap
  • Seller's Representative: Frank Amodio & Eric Amodio - Amodio & Co

The transaction was brokered by Marcus & Millichap, highlighting the involvement of Mark Krantz and Derrick Dougherty as the buyer's representatives, while Frank Amodio and Eric Amodio represented the seller through Amodio & Co. This collaborative effort facilitated the successful completion of the sale for the retail center.

Players

3 deals$18.3M volume
BROKER

Eric Amodio
3 deals$18.3M volume
BROKER


Mark Krantz
Marcus & Millichap
13 deals$58.2M volume(215) 531-7056
BROKER

Details

SOLD
IMAGE: Mark Krantz, Derrick Dougherty, Frank Amodio & Eric Amodio DATE: 02/03/2026 ADDRESS: 5 Farmington Avenue MARKET: Plainville, CT ASSET TYPE: Retail BUYER'S REP: Mark Krantz & Derrick Dougherty - Marcus & Millichap (@MarcusMillichapInc) SELLER'S REP: Frank Amodio (@FrankAmod) & Eric Amodio (@AmodioE) - Amodio & Co (@AmodioRealty) SALE PRICE: $5,200,000 SF: 34,194 ~ PPSF: $152 NOTE: Marcus & Millichap brokered the $5.2M sale of Olde Canal Plaza, a 34,194-square-foot retail center in Plainville, Connecticut, 93% leased to office, medical, and retail tenants.

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

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83