Updated Sep 14, 2026
PrimeX Capital LLC Sells Retail Property At Simsbury Commons For $17.3 Million
498 Bushy Hill Road
$17,300,000
$247/SF
Building Size
69,948 SF
Asset Type
Retail
Closing
Sep 11, 2026
About this deal
AI
The transaction involves a retail property located at 498 Bushy Hill Road in Simsbury, CT. The asset features a total square footage of 69,948 and was sold for a price of $17,300,000, translating to a price per square foot of $247.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,300,000
- Address: 498 Bushy Hill Road
- Market: Simsbury, CT
- Square Footage: 69,948
- Price Per Square Foot: $247
- Seller: PrimeX Capital LLC
- Brokers: Jeffrey Dunne, David Gavin & Travis Lange - CBRE
CBRE facilitated the sale of the Stop & Shop-anchored retail property at Simsbury Commons, highlighting the involvement of brokers Jeffrey Dunne, David Gavin, and Travis Lange in representing the seller, PrimeX Capital LLC, during the transaction.
On the Map
$17,300,000
$247/SF
Retail
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Players
Simsbury 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93