News: Connecticut
Posted: October 19, 2018
Brokers+Engineers handles $6.9 million sale of TD Bank building
Darien, CT Brokers+Engineers (B+E), completed the sale of property that is leased long-term to TD Bank.
Located at 55 Boston Post Rd., the 4,380 s/f location was sold for $6.9 million at a 5.1% cap rate. The property has 7 years remaining on the lease and was sold to a 1031 exchanger. B+E represented the seller, Chimblo Family Real Estate, LLC.
“We were happy to source a 1031 exchange buyer for the sale of this property,” said Spencer Henderson, B+E broker. “B+E achieved an impressive valuation for this bank branch, rarely seen in the marketplace today.”
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