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100 Lansdale Avenue, Milfor...

Northeast Private Client Group Sells Mixed-Use Property In Milford, CT For $9M
SOLDMixed-use

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

Brad Ball

Broker

$40.3M

vol

6 deals

Broker

Milford Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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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