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
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