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200 Boston Post Road

Vidal/Wettenstein Facilitates $2.35M Sale Of Contempo Square In Orange, CT
SOLDMixed-use

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

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

Bruce Wettenstein

Vidal/Wettenstein

Broker

$33.7M

vol

7 deals

Broker

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