Updated Dec 20, 2023
Cronheim Mortgage Secures $23.5M Loan For Retail Property In North Haven, CT
200 Universal Dr N, North Haven, Connecticut 06473, United States
$23,500,000
$158/SF
Building Size
148,277 SF
Asset Type
Retail
Closing
Aug 18, 2022
About this deal
AI
A permanent financing loan has been secured for a retail property located at 200 Universal Dr N in North Haven, CT. The property spans 148,277 square feet and is situated in the market of North Haven.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,500,000
- Address: 200 Universal Dr N, North Haven, CT
- Market: North Haven, CT
- Loan Type: Permanent financing
- Loan Terms: 10-year financing amortizes over 30 years
The loan was secured by Cronheim Mortgage, with representation provided by brokers Dev Morris, David Poncia, Allison Villamagna, and Andrew Stewart.
On the Map
$23,500,000
$158/SF
Retail
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Players
North Haven 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93