December 28, 2022 – Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have successfully completed the sale of the Courthouse Plaza in Vernon, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $910,000.
Courthouse Plaza is located at 20 East Main Street in Vernon, Connecticut. The Property consists of a 38,692 square foot building on a large 3.39-acre parcel of land. The Property is 78% occupied by a strong roster of local tenants that serve the needs of the surrounding community including a market/convenience store, liquor store, and pizza restaurant. The Property also offers upside through the lease up of the currently vacant space. Courthouse Plaza is strategically situated along East Main Street (CT Route 74) with outstanding frontage, visibility, and multiple points of access. The Property also has frontage, visibility, and access along Brooklyn Street. Courthouse Plaza is aptly named as it sits across the street from both the Tolland Judicial Courthouse and the town green in the commercial center of Vernon/Rockville. The Property also benefits from its proximity to the Rockville General Hospital, several municipal offices and two separate exits along Interstate 84.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.