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Sold! Nine Properties Sold in East Lyme—Including a Commercial Lot For $1.4 million

Property Transactions for East Lyme, Oct. 12-19, 2012

 

Inland American CFG Portfolio LLC sold a commercial lot currently occupied by Citizens Bank at 43 Pennsylvania Avenue and 12 Beckwith Street in Niantic for $1,419,112 on October 15, 2012. The property was bought by American Realty Capital (ARC CBELMCT001 LLC.), of Monroe, North Carolina.

According to the company's Web site, ARC invests in "freestanding commercial real estate properties net leased to what we believe are investment grade, as determined by major credit rating agencies, and other credit-worthy, as determined by the Company, tenants (“credit tenants”). The Company’s principal business objective is to generate attractive risk-adjusted investment returns by assembling and operating a portfolio diversified by tenant, industry, geography and lease duration."

As of September 7, 2012, ARCP owned 61 continuing properties and two properties held for sale. All the continuing properties are leased to credit tenants.  

15 Freedom Way, Unit 37

Seller: Robert H. Clein

Buyer: Joseph A. Camerlin and ShuHua Lee

Price: $220,000

Date Recorded: Oct. 12, 2012

333 Chesterfield Road 

Seller: Mark W. and Tiffany A. Silva

Buyer: Kimberly Snyder

Price: $229,000

Date Recorded: Oct. 12, 2012

23 Plum Hill Road

Seller: Brian S. and Amy L. Manning

Buyer: Brookfield Relocation, Inc. 

Price: $485,000

Date Recorded: Oct. 15, 2012

Seller: Brookfield Relocation, Inc. 

Buyer: Leonard Dean and Patricia A. Schunemeyer

Price: $485,000

Date Recorded: Oct. 15, 2012

Churchwood Condominium 11, 91 Riverview Avenue, Unit 4 D, 

Seller: Cynthia T. Luz

Buyer: Carmen L. Ames

Price: $164,000

Date Recorded: Oct. 16, 2012

3 Coachwhip Lane

Seller: Anne D. Shepard

Buyer: Thomas W. III and Yolanda L. Bowler

Price: $315,000

Date Recorded: Oct. 18, 2012

23 Mill Road

Seller: Federal National Mortgage Association

Buyer: Steven J. Carpenteri

Price: $130,000

Date Recorded: Oct. 18, 2012

16 Pleasant Drive Extension

Seller: Sara E. and Melville A. Manwaring III

Buyer: Michael Barron

Price: $215,000

Date Recorded: Oct. 19, 2012

10 Griswold Road

 Seller: Barbara Nims

Buyer: Carol B. Raiford

Price: $135,000

Date Recorded: Oct. 19, 2012

 

 

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