Trusted Properties, LLC Acquires Mixed-Use Property In Southington, CT For $1M
158 North Main Street, Southington, CT, USA
$1,000,000
$189/SF
Building Size
5,284 SF
Asset Type
Mixed-use
Closing
Dec 17, 2020
AI
The mixed-use property located at 158 North Main Street in Southington, CT has been sold for a price of $1,000,000. The transaction took place on December 18, 2020, with Trusted Properties, LLC acquiring the property from People's United Bank. The property spans 5,284 square feet and was sold at a price per square foot of $190.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,000,000
- Seller: People's United Bank
- Seller's Representative: Thomas Wilks & Andrew Hale - OR&L Commercial, LLC
- Buyer: Trusted Properties, LLC
- Buyer's Representative: Robert Montesi - Goman+York
The sale of the property was facilitated by Thomas Wilks and Andrew Hale from OR&L Commercial, LLC, who represented the seller, People's United Bank. On the buyer's side, Robert Montesi of Goman+York acted as the representative for Trusted Properties, LLC in the transaction.
Players
Southington 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93