Northeast Private Client Group Sells Mixed-Use Property In Milford, CT For $9M
100 Lansdale Avenue, Milford, CT, USA
$9,000,000
$206/SF
Building Size
43,634 SF
Asset Type
Mixed-use
Closing
Sep 17, 2021
AI
The mixed-use property located at 100 Lansdale Avenue in Milford, CT has been sold for $9,000,000. The transaction took place on September 17, 2021. The property spans 43,634 square feet, resulting in a price per square foot of $206. The capitalization rate for this sale is 6.76%.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $9,000,000
- Address: 100 Lansdale Avenue, Milford, CT
- Market: Milford, CT
- Square Footage: 43,634
- Price per Square Foot: $206
- Capitalization Rate: 6.76%
The sale was facilitated by Brad Balletto of Northeast Private Client Group, who represented the parties involved in the transaction.
Players
Milford Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93