Updated Dec 18, 2023
Northeast Private Client Group Brokers $1.95M Sale Of Mixed-use Property On Southford Road In Southbury, CT
1481 Southford Road, Southbury, CT, USA
$1,950,000
$111/SF
Building Size
17,472 SF
Asset Type
Mixed-use
Closing
Sep 16, 2021
About this deal
AI
The mixed-use property at 1481 Southford Road in Southbury, CT has been sold for $1,950,000. The property spans over 4.60 acres and consists of 11 units, including 4 residential units and 7 commercial units. The total square footage of the property is 17,472, resulting in a price per square foot of $112. The property was sold at a cap rate of 7.58%.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,950,000
- Address: 1481 Southford Road
- Market: Southbury, CT
- Size: 4.60 acres
- Price per Acre: $423,913
- Number of units: 11 (4 Residential, 7 Commercial)
The transaction was facilitated by Bob Paterno of Northeast Private Client Group. He represented the seller or buyer in this deal.
Southbury Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert "Bob" Paterno to view all their deals.
Browse Connecticut mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93