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764 Campbell Avenue, West H...

Ben Ryu Acquires West Haven Office Building For $1.65M From Prasad Chaturvedula
SOLDOffice

Ben Ryu Acquires West Haven Office Building For $1.65M From Prasad Chaturvedula

764 Campbell Avenue, West Haven, Connecticut 06516, United States

$1,650,000

$137/SF

Building Size

12,000 SF

Asset Type

Office

Closing

Apr 27, 2022

AI

The office property located at 764 Campbell Ave in West Haven, CT has been sold. The transaction took place on 04/28/2022 and the property was purchased for $1,650,000. The office space spans 12,000 square feet and the price per square foot is $138.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,650,000
  • Address: 764 Campbell Ave, West Haven, CT
  • Square Footage: 12,000
  • Price per Square Foot: $138

The buyer of the property is Ben Ryu, while the seller is Prasad Chaturvedula. The transaction was facilitated by Anthony Watkins and Gustavo Rocha from The Oak & Avery Group.

Players

Anthony Watkins

Oak & Avery Group

Broker

$107.3M

vol

29 deals

Broker

Ben Ryu

Buyer

$2.6M

vol

3 deals

Buyer

West Haven Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93