Easthampton Savings Bank Provides $8.98M Acquisition Loan For Retail Property In Milford, CT
155 Cherry St, Milford, Connecticut 06460, United States
$8,980,000
$49/SF
Building Size
180,315 SF
Asset Type
Retail
Closing
Jan 21, 2022
AI
A retail property located at 155-22 Cherry St in Milford, CT has recently been involved in a loan transaction. The property spans an area of 180,315 square feet and is situated in the Milford market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,980,000
- Loan Type: Acquisition
The loan for this transaction was provided by Easthampton Savings Bank. The landlord, Northpath Investments represented by Gershon Alexander, was involved in the deal. The brokers responsible for the transaction were Michael Klein, Max Custer, and Ryan Carroll from JLL.
Players
Milford Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.77%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93