DARIEN: A TD Bank branch has sold for big bucks yielding $6.9 million for the 4,380 square foot property at 55 Boston Post Road. The transaction yielded a 5.1% capital return rate.
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 Spencer Henderson, of Brokers+Engineers (B+E), represented the seller, Chimblo Family Real Estate, LLC.
“Henderson commented on the transaction amount saying, “B+E achieved an impressive valuation for this bank branch, rarely seen in the marketplace today.”