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670-680 Boston Post Rd, Mil...

Northeast Private Client Group Brokers Facilitate $6.05M Mixed-Use Property Sale In Milford, CT
SOLDMixed-use

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

Robert Paterno

NorthEast Private Client Group

Broker

$125.1M

vol

24 deals

Broker

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