Sold for $6,750,000. ($72 psf).

The Shoppes at Old Saybrook is a +/-94,175 sf retail shopping center, configured in 2 one story structures. The +/-8.47 acre level site offers surface parking for +/-337 cars with access from the traffic light controlled entrance on Boston Post Road. The property is 83% anchored by national/regional tenants, led by Ocean State Job Lot (+/-60,000 sf), Dollar Tree Stores (+/-9,114 sf) and more.

As a result of the convenient US 1/Boston Post Road location, The Shoppes of Old Saybrook attracts affluent clientele from throughout the shoreline communities of Middlesex County. Several key considerations regarding The Shoppes of Old Saybrook include:

• The property offered new ownership with the opportunity for significant long term growth potential in this desirable Connecticut waterfront community.
• The property was delivered free and clear of existing debt allowing the purchaser to accomplish an attractive return on equity.