Northeast Private Client Group Brokers Facilitate $6.05M Mixed-Use Property Sale In Milford, CT
670-680 Boston Post Rd, Milford, CT, USA
$6,050,000
$85/SF
Building Size
70,506 SF
Asset Type
Mixed-use
Closing
Nov 19, 2021
AI
A mixed-use property located at 670-680 Boston Post Rd in Milford, CT has been sold for $6,050,000. The property spans 70,506 square feet, resulting in a price per square foot of $86. The transaction took place on November 19, 2021, with a capitalization rate of 7.18%.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,050,000
- Address: 670-680 Boston Post Rd, Milford, CT
- Market: Milford, CT
- Square Footage: 70,506
- Price per Square Foot: $86
- Capitalization Rate: 7.18%
The sale was facilitated by Brad Balletto, Rich Edwards, Jeff Wright, Bob Paterno, and John Lockhart from the Northeast Private Client Group. They served as the brokers representing the involved parties in the transaction.
Players
Milford 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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93