April 18, 2019
APRIL 18, 2019 – TRUE Commercial Real Estate announces the sale of 1260 Winsted Road in Torrington, Connecticut. The property houses a two-tenant, 8,600 square foot building on one acre with Kindercare and Founders Insurance. Brokers Dominick Musilli and Jeffrey Kaplan were the sole broker in the transaction.
“The Torrington opportunity was the right fit for the buyer. He was looking for an aggressive cap rate play with a building that had long-term tenants in place”, said Musilli. “I’m glad we were able to close the deal at the very end of the buyer’s 1031 schedule.”
TRUE Commercial’s investment sale activities have increased dramatically over the past two years. It’s a major growth engine for the company over the next few years.