FINANCEDRetail
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
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.
Players
West Haven Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
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