Amodio & Co

Author: admin-eric

 

Amodio Sells 27-39 Main St, New Britain a Second Time

· Closing Announcements

FOR IMMEDIATE RELEASE

December 20, 2019

CLOSING ANNOUNCEMENT: Amodio & Co Sells 27-39 Main St, New Britain a Second Time

Amodio & Co. Real Estate is pleased to announce the $890,000 sale of 27-39 Main Street, New Britain, CT. The 29,948 SF three story mixed use property featured newer windows and roof, ample on-site parking, and houses existing retail tenants including: Boost Mobile, insurance office, hair salon and pawn shop. The two upper floors are currently gutted shells. The buyer plans on turning the two upper floors into approximately 22 newly fit-out urban apartments to service the growing demand for downtown living. Eric Amodio, CCIM of Amodio & Co. represented the seller, Masuda Putnam, LLC; buyer’s were self represented. Amodio had previously represented Masuda Putnam, LLC in their December 2015 acquisition of the property.

Amodio & Co. Real Estate is a boutique commercial real estate firm that handles all aspects of real estate including brokerage, financing, and development of commercial property.

For further information, please contact Eric Amodio, CCIM of Amodio & Co. Real Estate via email at eric@amodio.com or telephone at 860-674-8908.

Amodio & Co Wins Two 2019 CT CCIM DealMaker Awards!

· News, Press Release

FOR IMMEDIATE RELEASE
November 21, 2019

Amodio & Co Wins Two 2019 CT CCIM DealMaker Awards!

We are proud to announce the win of two categories, office lease and multifamily sale, for the 2019 CCIM Connecticut Chapter DealMaker Awards.

We would love the opportunity to earn your business and continue our mutual success through 2020! Please call us today: 860-674-8908.

Since 1919, Amodio & Co has developed, managed, and brokered nearly every property type, bringing extensive experience to our clients. We bring creative solutions to ensure your deal happens and that it is done right. As a boutique commercial firm, we care about long term relationships, providing our clients with the utmost attention to accomplish their specific real estate goals in Connecticut and Massachusetts.

Amodio & Co brokers 4-unit multifamily in New Britain, CT

· Closing Announcements

FOR IMMEDIATE RELEASE

Friday November 15, 2019

Sale Price: $310,000

12-14 Lincoln Street, New Britain, CT

Amodio & Co represented buyer and seller in the sale of 12-14 Lincoln Street, New Britain, CT. This 4-unit multifamily asset features a low maintenance brick exterior, newly renovated apartments and stainless steel appliances throughout. The fully leased and properly renovated property make for a true turnkey investment opportunity. The unit mix is made up of (2) two-bedroom and (2) three-bedroom apartment units with above market rent income. The property has been improved with nicely appointed unit interior upgrades, IP camera system accessible via smartphone, newer replacement windows, new hot water heaters and heat systems and central fire alarm system.

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.

8-Unit Multifamily: 240 Washington Street, New Britain, CT

· Multifamily, Sale Listings

$450,000

240 Washington Street, New Britain, CT

Amodio & Co is pleased of offer 240 Washington Street, New Britain, CT. This 8-unit multifamily asset features a low maintenance brick exterior is comprised of a 6-unit building on the street, with a 2-family home, all on the same lot. In recent years, the property has been improved with replacement windows, hot water & heat systems and central fire alarm system.

DEVELOPMENT SITE: Berlin, CT 0.91 Acres

· Land, Sale Listings

FOR SALE: $405,450

1208-1210 Farmington Avenue, Berlin, CT

Amodio & Co Real Estate is pleased to offer a 0.91 acre development site in Berlin, Connecticut. Includes 1,092 SF & 1,068 SF homes + garage which can be rented while awaiting development. Positioned with frontage/visibility along Farmington Avenue CT Rt 372 between Subway & Whole Dounut. Located between Lower Lane and Massirio Drive with excellent access to CT Rt 9. Average Daily Traffic of 13,800.

Amodio Sells Connecticut Furs Building in New Britain

· Closing Announcements

FOR IMMEDIATE RELEASE – October 12, 2019

CLOSING ANNOUNCEMENT: Amodio & Co Brokers Connecticut Furriers Building in Downtown New Britain, CT

The property at 111 West Main Street, New Britain features 10,804 sf of retail, warehouse and cold storage vault space, demised into 3 retail storefronts. At the time of sale the building was vacant aside from one small retail tenant. The sale closed for $275,000 or $25.45/sf. Eric Amodio, MBA, CCIM represented the seller Sitilides Realty, LLC.

Amodio & Co. Real Estate is a boutique commercial 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, CCIM, MBA of Amodio & Co. Real Estate via email at eric@amodio.com or telephone 860.674.8908.

$2.65M: 44-Unit Mixed Use, New Britain, CT

· Investment, Multifamily, Sale Listings

$2,650,000

38-50 Main Street, New Britain, CT

Amodio & Co is pleased to present this mixed use asset at 38-50 Main Street, New Britain, Connecticut. The stately property is located in the Main Street CBD, across from bustling C-Town grocery store. This 4 story brick property houses 5 existing retail tenants on ground level and 39 residential units above. Significant value-add through improvements and rental rate increases to market. Desirable, easy to lease unit mix of studio and 1-bedroom apartments. Off-street parking lot for 16 cars.

LEASE: Medical Office – Plainville, CT

· Lease Listings, Office
21 Cooke St, Plainville, CT - Amodio & Co

LEASE: $13/sf/yr, plus utilities

Amodio & Co as exclusive advisor is pleased to offer 21 Cooke Street in Plainville, Connecticut for lease. Formerly a pediatric office, the space is ideal for medical use, with full existing build-out. Space can be refit for other uses including legal, shared “co-working” offices, sales organization, professional services, etc. The layout currently consists of 9 private offices, large open office, large lobby/waiting room, conference room, 2 break rooms, 2 private bathrooms, and 5 storage closets. On-site owner.

Property FlyerDownload
  • 2,373 USF second floor office suite
  • 2 private, in-suite bathrooms
  • Elevator access
  • Substantial visibility & vibrant area amenities
  • Direct highway access – I-84/I-72/Rt-9
  • Next to local landmark; J. Timothy’s Tavern

Amodio & Co Negotiates Three More Industrial Leases in Windsor Locks

· Closing Announcements

FOR IMMEDIATE RELEASE
July 9, 2019

CLOSING ANNOUNCEMENT: Amodio & Co Negotiates Three More Industrial Leases in Windsor Locks Totaling 20,688 sf.

Amodio & Co adds another 20,688 SF to previously completed lease of 15,551 sf to Allstate Power Vac, Inc. with three additional tenants: RIMARK Manufacturing, Colt Express, and Contractors Home Appliance.

RIMARK Manufacturing, a rapid design and manufacturer serving the aerospace industry, executed a long term deal occupying 3,283 sf for their relocation from East Granby, CT.

Colt Express entered into a lease of 11,700 sf for their logistics and distribution business. In addition to storage and office, the space will also house a retail location open to the public for merchandise sales of returned items from their distribution customers, namely Wayfair.com.

Contractors Home Appliance signs deal for 5,705 sf for the relocation of their appliance business. Space will be used for storage and distribution.

Amodio & Co. Real Estate is a boutique commercial 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, CCIM, MBA of Amodio & Co. Real Estate via email at eric@amodio.com or telephone 860.674.8908.

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