Updated Dec 21, 2023
Marcus & Millichap Secures $4.4M Loan For Retail Property In Orange, CT
420 Boston Post Road, Orange, Connecticut 06477, United States
$4,400,000
$137/SF
Building Size
32,000 SF
Asset Type
Retail
Closing
Feb 6, 2022
About this deal
AI
The property involved in the transaction is a retail asset located at 420 Boston Post Rd in Orange, CT. The property spans across 32,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,400,000
- Date: 02/07/2022
- Market: Orange, CT
- Loan Type: Senior loan
- Loan Term: 10-year term
- Interest Rate: 3.13%
The transaction was facilitated by Robert Noeldechen and Gerald Kray from Marcus & Millichap Capital Corporation.
The retail loan at 420 Boston Post Road, Orange, Connecticut 06477, United States in West Haven, Connecticut financed for $4.4M in 2022. The building is 32,000 square feet, implying about 137 per square foot on the published price. Robert Noeldechen, Gerald Kray, Marcus & Millichap appear on the loan alongside Marcus & Millichap. This page is the West Haven, Connecticut file for the 420 Boston Post Road, Orange, Connecticut 06477, United States retail financed: pricing, party profiles, and other closed retail comps from the same West Haven sit in the Market section below. Filter that West Haven retail set by closing date to see what else financed near 420 Boston Post Road, Orange, Connecticut 06477, United States around 2022. Published consideration for 420 Boston Post Road, Orange, Connecticut 06477, United States is $4.4M, dated 2022. Cite this Marcus & Millichap Secures $4.4M Loan For Retail Property In Orange, CT loan when underwriting similar retail product around West Haven, Connecticut.
Players
West 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93