Author: admin-eric

 

Amodio & Co Brokers $10.6M Industrial Sale of 200,600 SF

Amodio & Co Real Estate is pleased to announce the $10.6 million sale of the 200,600 SF manufacturing/distribution facility located at 100 Marketing Drive, Suffield, CT to Connecticut headquartered, Rug Pad USA. 

The building was built in three phases, between 2005 and 2015, with approximately 150,000 square feet of mostly air-conditioned 34’ high-bay warehouse – manufacturing and 50,000 square feet of mezzanine R&D flex/office, featuring 22 dock-height and 3 drive-in doors.  Amenities include multiple fitness rooms and refreshment bars; state of the art educational facilities and a prototype company store to study merchandising methods. The property is located in the Bradley Airport Development Zone, and within Suffield’s Planned Industrial Development zone, which features attractive tax incentives. 

The headquarters property was formerly occupied by Windsor Marketing Group (WMG) which designed, manufactured and installed “in-store” signage and marketing displays prior to its bankruptcy. The property was under foreclosure with multiple lienholders, which made for a highly complicated and lengthy purchase and sale process.

Frank Amodio, CCIM of Amodio & Co Real Estate represented the seller, Marketing Research Park, LLC in this transaction. According to Frank Amodio, CCIM, “Amodio generated extensive interest in the property with hundreds of inquiries and eight all-cash offers. Comprehensive and unique marketing produced extensive interest in the property.” 

Rug Pad USA has been procuring, manufacturing, marketing and selling felt and other padding materials for carpeting underlay from its Connecticut headquarters since 2012, primarily using the Internet and websites. 

Amodio & Co. Real Estate is a commercial real estate firm, which handles all aspects of real estate including brokerage, financing, management and development of commercial property. Its team of experienced industry experts, offers market solutions for buyers, sellers, landlords and tenants.  Amodio provides expert advice and services with effective solutions to its real estate engagements. Based in Farmington, CT, with a nationwide reach. For further information, please contact Frank Amodio, CCIM of Amodio & Co. Real Estate. frank@amodio.com 860-674-8908 x101.

Amodio & Co brokers 44-unit apartment sale – $2.525M

· Closing Announcements

3/1/21

Amodio & Co is pleased to announce the sale of 38-50 Main Street, New Britain, Connecticut. The stately 44-unit mixed use property is located in the Main Street CBD. This 4 story brick asset is home to 5 retail tenants and 39 residential apartments on the upper levels.

Eric Amodio, CCIM, MBA of Amodio & Co represented both buyer and seller in this transaction.

Frank Amodio, CCIM Receives NAR Commercial Award, 2020 CT

· News

Frank Amodio, CCIM has been selected for the 2020 National Association of Realtors (NAR) Commercial Award for Connecticut. He joins the 2020 class of 40 Realtor Members from across the country to be selected for the honor.

REALTORS® engaged in all aspects of commercial real estate, land, development, property management and counseling are recognized for their achievements. These members were nominated because they received an award or honor from their local or state association, community organization, brokerage, industry organization or news publication. NAR is proud of these REALTORS® and all members in commercial real estate.

For additional info: https://www.nar.realtor/about-nar/awards-and-recognition/national-commercial-awards

Amodio & Co Signs Deal with DispatchHealth in Farmington

· Closing Announcements

FOR IMMEDIATE RELEASE – Monday July 27, 2020

Amodio & Co Real Estate is pleased to announce the lease of 1,374 SF of office space at 200 Mountain Road, Farmington, CT to DispatchHealth, a national chain mobile “in-home” urgent care operator. Amodio & Co represented the Landlord in this transaction. This lease brings the property to full occupancy. Amodio & Co previously represented both Buyer and Seller in $735,000 sale of this stately 6,750 SF brick office building.

Amodio & Co Real Estate represented the tenant in this transaction. Amodio & Co. Real Estate is a commercial real estate firm, which handles all aspects of real estate including brokerage, financing, and development of commercial property. For further information, please contact Eric Amodio, CCIM, MBA of Amodio & Co. Real Estate via email: eric@amodio.com Telephone: 860-674-8908.

LEASE: Private Office Suites

· Lease Listings, Office

33 Court Street, New Britain, CT

$975/month – ALL INCLUSIVE!

All utilities included. Lower level office suite with windows. Private rear entry door. Open office/bullpen area, waiting area, private office, kitchenette, private full restroom, and eating/conference room area. Professional building of office users and various therapists offices. Ideal quiet and private space for similar uses.

$1,950,000: Multi-Tenant Office Investment

· Investment, Office

$1,950,000

1137 Main Street, East Hartford, CT

Amodio & Co has been exclusively retained to sell 1137 Main Street, East Hartford, CT. The property is equally suitable for a user or investor, with value-add potential. The front building was built in 1949 specifically as a bank headquarters, with subsequent more recent additions. There is an additional 2-story warehouse outbuilding built circa 1900. Recent capital improvements in excess of $550,000 include HVAC replacement & controls, roof, paving and more. Multiple existing tenants and consistently leasing additional suites.

$349,900: 3 Building Office | New Britain, CT

· Investment, Office

FOR SALE: $349,900

18-32 Cedar Street, New Britain, CT

Amodio & Co is pleased to present this 3 building office portfolio located at 18, 26, and 32 Cedar Street, New Britain, Connecticut. The property has direct on/off access to Rt-72. Off-street parking lot for approx. 40 cars. Upside potential for owner/occupant or investors alike. +/- 14,000 total square footage. Tenants include: Weber & Carrier Law Firm, Barbieri Law Firm, Dr. Dennis Schweitzer, and Connecticut Properties.

  • 3 building portfolio with existing office tenants
  • Exceptional highway & public transit access
  • High vacancy, value-add opportunity
  • Direct highway access location, walk to downtown
  • Existing tenants to remain in place

7-Unit Multifamily Portfolio: 190-194 North Street, New Britain, CT

· Multifamily, Sale Listings

$379,000 // 9.7% Cap Rate // 7 Units

Opportunity to own 7 units on two adjacent lots; comprised of (2) 2-families, (1) 3-family with expansion potential for other buildings on large lot. 5 units are rented (2-family & 3-family). One 2-family (#190 North) is vacant in need of rehab. Plenty of parking area. Expansion potential with oversized deep lot-possible to add additional multifamily, garages, or even more parking area! Newer mechanicals, electrical, hardwired camera systems, newer roofs and windows! Total land area 0.48 acres. NOI $36,637

Amodio & Co Real Estate Leases 8,570 SF Retail Space at former Bristol Bank & Trust Company

· Closing Announcements

FOR IMMEDIATE RELEASE Wednesday January 15, 2020

Amodio & Co Real Estate is pleased to announce the long-term lease of 8,570 SF of office space at 200 Main St., Bristol, CT to Canadian headquartered, The Gift Group.  With facilities in Canada, New York & India, The Gift Group operates brick & mortar locations as well as a major internet presence with a multitude of platforms including Brocrates, Hazelton’s, Blooms, The Hope Collective, Gifting Kosher, Good $ You, North Pole Company & Monthly Sommelier. The business designs, assembles and ships a very wide variety of gift baskets to customers across the globe. This location will feature a florist, chocolate shop, purveyor of gift baskets and retail sales.

Amodio & Co Real Estate represented the tenant in this transaction. Amodio & Co. Real Estate is a commercial real estate firm, which handles all aspects of real estate including brokerage, financing, and development of commercial property. For further information, please contact Frank Amodio, CCIM of Amodio & Co. Real Estate: frank@amodio.com Office: 860-674-8908.