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543 North Main Street, Manc...

Hale Real Estate Acquires Mixed-Use Property In Manchester, CT For $1.15M
SOLDMixed-use

Hale Real Estate Acquires Mixed-Use Property In Manchester, CT For $1.15M

543 North Main Street, Manchester, CT, USA

$1,150,000

$80/SF

Building Size

14,266 SF

Asset Type

Mixed-use

Closing

Mar 4, 2021

AI

A mixed-use property located at 543-545 North Main Street in Manchester, CT has been sold for $1,150,000. The property spans 14,266 square feet with a price per square foot of $81. Situated on 1.61 acres, the property boasts a price per acre of $714,286.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $1,150,000
  • Square Footage: 14,266
  • Price per Square Foot: $81
  • Address: 543-545 North Main Street, Manchester, CT
  • Market: Manchester, CT
  • Seller's Representative: Rick Chozick - Chozick Realty Inc.
  • Buyer's Representative: Ben Hale - Hale Real Estate
  • Acres: 1.61
  • Price per Acre: $714,286

Rick Chozick from Chozick Realty Inc. represented the seller in this transaction, while Ben Hale from Hale Real Estate represented the buyer.

Players

Ben Hale

Broker

$1.2M

vol

1 deal

Broker

Manchester 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93