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Horvath & Tremblay Sells Agway And Dunkin' At 923 Boston Post Rd For $5.9M

Property Image
SOLD
$5,900,000
Jack Laurendeau
Matthew (Matt) Nadler
Robert DiFranco

Connecticut

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Retail17,000 SF
Sold 10/20/2023
the dealplayerscompscontact
Property Image
SOLD

Horvath & Tremblay Sells Agway And Dunkin' At 923 Boston Post Rd For $5.9M

923 Boston Post Road

See Similar Deals
Retail17,000 SF
Sold 10/20/2023
Jack Laurendeau
Matthew (Matt) Nadler
Robert DiFranco
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$347
Total Square Footage:17,000 SF
Transaction Type:Sale

Hovarth & Tremblay has completed the sale of a retail property located at 923 Boston Post Road in Old Saybrook, CT. The property consists of two buildings with a total size of 17,000 square feet, situated on a 3.34-acre parcel. The sale price for this transaction was $5,900,000, resulting in a price per square foot of $347.

Summary of transaction details

This deal was facilitated by the brokers from Horvath & Tremblay. They successfully negotiated the sale of the Agway and Dunkin' properties, located at 923 Boston Post Rd., for a total of $5.9 million. This transaction demonstrates their expertise in the retail real estate market.

Players

Matthew (Matt) Nadler
Horvath & Tremblay
Matthew Nadler
35 deals$127M volume(781) 776-4014
BROKER
Jack Laurendeau
Horvath & Tremblay
Jack Laurendeau
12 deals$54.5M volume
BROKER
Robert DiFranco
Horvath & Tremblay
Robert DiFranco
11 deals$54.9M volume
BROKER

Details

SOLD
IMAGE: Jack Laurendeau, Matthew Nadler & Robert DiFranco DATE: 10/20/2023 ADDRESS: 923 Boston Post Road MARKET: Old Saybrook, CT ASSET TYPE: Retail ~ ACRES: 3.34 BROKERS: Jack Laurendeau, Matthew Nadler & Robert DiFranco - Horvath & Tremblay SALE PRICE: $5,900,000 SF: 17,000 ~ PPSF: $347 NOTE: Horvath & Tremblay has completed the sale of the Agway and Dunkin’ at 923 Boston Post Rd. for $5.9M. The property contains two buildings with a total of 17,000 s/f on a 3.34-acre parcel.

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

$314,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12