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923 Boston Post Road

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

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

923 Boston Post Road

$5,900,000

$347/SF

Building Size

17,000 SF

Asset Type

Retail

Closing

Oct 20, 2023

AI

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 Nadler

Horvath & Tremblay

Broker

$127M

vol

35 deals

Broker

Old Saybrook Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93