Saturday, April 22, 2017

Marcus & Millichap Brokers $3.1 Million Sale of Bank of America Net-Leased Site in Windsor, CT

Barry M. Wolfe
WINDSOR, CT – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Bank of America, a 4,650-square foot net-leased property located in Windsor, CT, according to Ryan Nee, Vice President/Regional Manager of the firm’s Fort Lauderdale office. The asset sold for $3,100,000.

Barry M. Wolfe, Senior Vice President Investments, and Alan Lipsky, Senior Associate, both in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

Wolfe states, “Given the strength of the tenant and location, we had very strong activity and multiple offers. We have continued to see very strong activity in the market having sold nearly thirty individual properties over the past quarter for our clients with a market value of more than $65 million.”

Bank of America is located at 1045 Kennedy Road in Windsor, CT.  Kennedy Road has a daily traffic count of more than 15,000 vehicles, and directly off Interstate 91 with a daily traffic count of more than 130,000 vehicles.  The property is surrounded by national retailers that include Target, Dollar Tree, Mattress Firm, Petco, Stop & Shop, GNC and Chili's Bar & Grill.

J.D. Parker, Senior Vice President and Division Manager, is Marcus & Millichap’s broker of record in Connecticut.

For a complete copy of the company’s news release, please contact:

Ryan Nee
Vice President / Regional Manager, Fort Lauderdale

(954) 245-3400

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