SIMSBURY: Investment sales broker Northeast Private Client Group completed the sale of the 25,750 square foot mixed-use property known as ”Fiddler’s Green” located at 2-10 Wilcox Street. Edward Jordan, JD, CCIM, the firm’s managing director, and Taylor Perun, senior associate in the Hartford/Springfield market, represented the seller in the $3.425 million transaction.
“We have a proven track record of matching our clients with qualified buyers for commercial and multifamily properties,” said Jordan.
Fiddler’s Green was sold together with the adjacent 3,750 square foot mixed-use property known as 750 Hopmeadow Street, a historic residential structure to be used for commercial purposes.
The seller, Fiddlers LLC, is a Connecticut-based investor. The buyer, also a Connecticut-based real estate investor, purchased the property for a price that equates to approximately $133 per square foot, and a capitalization rate of 7.5%. The buyer was represented by Gayle Erickson of Berkshire Hathaway Commercial Group