Northeast Private Client Group Sells Mixed-Use Property In Milford, CT For $9M
SOLD
$9,000,000
Connecticut
See Similar DealsMixed-use43,634 SF
Sold 09/17/2021
SOLD
Northeast Private Client Group Sells Mixed-Use Property In Milford, CT For $9M
100 Lansdale Avenue, Milford, CT, USA
See Similar DealsMixed-use43,634 SF
Sold 09/17/2021
Summary
CONNECTICUT
Asset Type:Mixed-use
Price Per Square Foot:$206
Total Square Footage:43,634 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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