News: Connecticut
Posted: April 21, 2017
Delisle of Island Associates closes $4.28 million sale
Watertown, CT Roger Delisle of Island Associates, purchaser’s broker, along with Daniel de Sa’ of EXP Realty Advisors, seller’s broker, negotiated and closed the purchase and sale of the property located at 26 Davis St. for $4.28 million.
The 13,000 s/f building on approximately 1.7 acres is occupied by CVS Pharmacy under the terms of a NNN ground lease with over 20 years of base term remaining. The aggregate rental income exceeds $5.6 million. The closing occurred in March and is the replacement property under a 1031 exchange.
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The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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