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
- Property Type: Retail
- Transaction Amount: $5,900,000
- Address: 923 Boston Post Road, Old Saybrook, CT
- Market: Old Saybrook, CT
- Acres: 3.34
- Building Size: 17,000 square feet
- Brokers: Jack Laurendeau, Matthew Nadler & Robert DiFranco from Horvath & Tremblay
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
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