Robert Noeldechen Of Marcus & Millichap Capital Corporation Secures $1.54M Loan For Mixed-Use Property Acquired At 3 Pearl St, Mystic, CT
3 Pearl Street, Mystic, Connecticut 06340, United States
$1,540,000
$291/SF
Building Size
5,284 SF
Asset Type
Mixed-use
Closing
May 21, 2022
AI
A mixed-use property located at 3 Pearl St in Mystic, CT was recently involved in a closed transaction. The property spans approximately 5,284 square feet and is situated in the market of Mystic, CT.
Summary of transaction details
- Property Type: Mixed use
- Loan Amount: $1,540,000
- Date: 05/22/2022
- Address: 3 Pearl St
- Market: Mystic, CT
- Asset Type: Mixed use
- Square Footage: 5,284
The transaction was facilitated by Robert Noeldechen from Marcus & Millichap Capital Corporation, who represented the parties involved in the deal. Robert Noeldechen served as the broker for this transaction.
Mystic Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.30%
Cash-on-Cash
-2.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93