Two neighboring Rocky Hill retail buildings sell for $2.65M
Courtesy
2172 Silas Deane Highway, Rocky Hill
Two neighboring retail buildings in Rocky Hill have sold to a Glastonbury investor for $2.65 million.
In a deed recorded May 5, a limited liability company tied to Darien-based commercial real estate firm Robert Malin Realty sold the retail buildings at 2162 and 2172 Silas Deane Highway to Glastonbury-based Lin Investment Group LLC.
The 0.88-acre property at 2162 Silas Deane Highway hosts an 8,798-square-foot, multi-tenant retail building completed in 2000. The neighboring 0.58-acre property at 2172 Silas Deane Highway includes a 5,050-square-foot multi-tenant retail building completed in 1978.
Horvath & Tremblay Senior Vice President Matthew Nadler, who represented both buyer and seller, said the fully occupied properties sold after less than a month on the market. He noted the property is in a good location with some long-term tenants.
“We had a ton of interest in the opportunity very quickly,” Nadler said. “I think there is high investor demand for shopping centers with national-credit tenants mixed in where you can get a decent return.”
Most Recent
Most Recent
0 Comments