Fantini & Gorga Facilitates $1.4M Acquisition Loan For Retail Property On Main St. In Rocky Hill, CT
2427 Main St, Rocky Hill, CT, USA
$1,400,000
$25/SF
Building Size
55,321 SF
Asset Type
Retail
Closing
Nov 26, 2021
AI
A retail property located at 2427 Main St. in Rocky Hill, CT has recently undergone an acquisition. The transaction was facilitated by Casimir Groblewski of Fantini & Gorga.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,400,000
- Loan Type: Acquisition
In this deal, Casimir Groblewski, a broker representing Fantini & Gorga, played a crucial role. Their expertise helped facilitate the acquisition of the retail property located at 2427 Main St. in Rocky Hill, CT.
Rocky Hill 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93