Amodio & Co Sells Farmington Office Investment – $735,000

 
· Closing Announcements

FOR IMMEDIATE RELEASE
Thursday November 7, 2019

CLOSING ANNOUNCEMENT: Amodio & Co Sells Farmington, CT Office Investment for $735,000

Amodio & Co represented both buyer and seller in the exchange of 200 Mountain Road, Farmington, CT. The 6,750 square foot multi-tenant office building built in 2001 was 80% leased at time of sale. Tenants include: ¬†Family Dental Care of Farmington, Pediatric Associates of Farmington and Pennell Wealth Advisors. This pristine office asset is centrally located with direct highway access to I-84, on the heavily trafficked “Five Corners” intersection. The property traded for $735,000 – 5.3% cap rate on current income. Amodio & Co was retained by the new ownership to lease the last vacancy.

Amodio & Co. Real Estate is a boutique commercial investment real estate firm, handling all aspects of real estate including brokerage, development, and management of commercial property in Connecticut.

For further information, please contact Eric Amodio of Amodio & Co. Real Estate via email at eric@amodio.com or telephone 860.674.8908.