Unloading smaller properties, developer Avner Krohn sells Enfield retail strip for $2M
CoStar
841 Enfield St., Enfield
Busy developer Avner Krohn has sold an Enfield retail property for $2 million to a medical spa that is currently a tenant in the building.
Krohn paid $390,000 for the 1940-vintage, 7,742-square-foot retail strip building on 1.3 acres at 841 Enfield St., in 2015, and then extensively rehabbed the building. Krohn has been focused on apartment developments in Connecticut in recent years, particularly in downtown New Britain.
In a sale recorded May 19, Krohn sold the Enfield property to a limited liability company affiliated with The Shot Shop, a medical spa occupying one of three storefronts in the retail building.
Krohn, who runs Jasko Development, said the sale is part of his drive to unload smaller properties to focus on larger-scale ventures where it makes sense to farm out building management. Krohn recently began employing West Hartford-based Konover Commercial to manage his properties. But using a third-party manager for a smaller commercial property is not worth the cost, he said.
The Enfield retail property was purchased by Cobalt Wellness LLC, whose principal, Leah Kenney, is founder of The Shot Shop. The medical spa also has a location in Longmeadow, Massachusetts.
It offers Botox and filler treatments, cryotherapy, vitamin shots and other cosmetic therapies.
The property was listed by Michael Guidicelli, broker and owner of Regions Commercial LLC. There were 12 registered bidders for a Ten-X auction.
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