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

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.