Updated Sep 28, 2026
Newman Properties Acquires Retail Plaza In Mansfield Center For $5.85 Million From Atlantic Capital
96 Storrs Road
$5,850,000
$688/SF
Building Size
8,500 SF
Asset Type
Retail
Closing
Sep 22, 2026
About this deal
AI
The retail plaza located at 96 Storrs Road in Mansfield Center, CT, was sold for $5.85 million. The property encompasses 8,500 square feet, resulting in a price per square foot of $688.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,850,000
- Buyer: Newman Properties
- Seller: Atlantic Capital Commercial Real Estate
- Broker Representatives: Robert Horvath & Daniel Bernardini - Horvath & Tremblay
Newman Properties engaged in the acquisition of the property from Atlantic Capital Commercial Real Estate, with Robert Horvath and Daniel Bernardini representing the brokerage interests in this transaction.
On the Map
$5,850,000
$688/SF
Retail
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Players
Storrs Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93