Updated Jul 11, 2025
Joe Sullo Leases Retail Space To Loco Hot Deals Of West Hartford At 983 New Britain Avenue
983 New Britain Avenue
$18
$18/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Jul 7, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 983 New Britain Avenue in West Hartford, CT. It is being leased at an asking rent of $18 per square foot and encompasses a total area of 10,000 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $18/ft
- Lease Type: Retail Lease
- Landlord: Joe Sullo
- Tenant: Loco Hot Deals Of West Hartford
- Broker: Joey Kafif - Safdie Realty Group
The key individuals and companies involved in the transaction include Joe Sullo, representing the landlord, and Loco Hot Deals Of West Hartford as the tenant. The deal is facilitated by Joey Kafif from Safdie Realty Group, which specializes in landlord and tenant representation.
On the Map
$18
$18/SF
Retail
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Players
West Hartford Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
881277.78%
Cash-on-Cash
-251871.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93