Vidal/Wettenstein Facilitates $2.35M Sale Of Contempo Square In Orange, CT
200 Boston Post Road
$2,350,000
$100/SF
Building Size
23,500 SF
Asset Type
Mixed-use
Closing
Nov 24, 2023
AI
The Contempo Square, a mixed-use property located at 200 Boston Post Road in Orange, CT, has been sold for $2,350,000. This 23,500-square-foot multi-tenanted retail/office building sits on 1.98 acres of land. The sale price equates to a price per square foot of $100.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,350,000
- Square Footage: 23,500
- Address: 200 Boston Post Road, Orange, CT
- Market: Orange, CT
- Brokers: Bruce Wettenstein & Scott Zakos - Vidal/Wettenstein, LLC
Scott Zakos, an associate commercial real estate broker at Vidal/Wettenstein LLC, facilitated the sale of Contempo Square. This transaction highlights the successful collaboration between the buyer, seller, and their respective brokers. The property's desirable location, size, and mixed-use nature likely contributed to its attractive sale price.
Players
Orange 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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93