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Brokerage
Posted: October 28, 2015
Valenti and Calabrese of R. Calabrese Agency complete $1.325 million sale
Tony Valenti, R. Calabrese Agency, LLC
184-188 Spencer Street - Manchester, CT
Ralph Calabrese, R. Calabrese Agency, LLC
Manchester, CT Tony Valenti and Ralph Calabrese of the R. Calabrese Agency, LLC of Waterbury, completed the sale of a net ground lease for a McDonalds located at 184-188 Spencer St. The 4,302 s/f building on 1.20 acres is situated at a signalized intersection in close proximity to Exit 1 of the Rte. 384 connector to I-84. The surrounding neighborhood is a heavily traveled retail corridor with a recently approved Walmart diagonally across the road as well as Shop-Rite, Starbucks, Dunkin’ Donuts, Subway, Pep Boys, Ocean State Job Lot, Studio 6 Hotel, and Wendy’s.
The buyer, NF, LLC was represented by the R. Calabrese Agency, LLC and the seller was represented by the Zinsser Real Estate Agency of Manchester.
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