Updated Dec 19, 2023
Northeast Private Client Group Acquires Retail Property In Ridgefield, CT For $4.75M
1-7 Big Shop Lane, Ridgefield, CT, USA
$4,750,000
$528/SF
Building Size
8,989 SF
Asset Type
Retail
Closing
Nov 19, 2021
About this deal
AI
The property involved in the transaction is a retail asset located at 1-7 Big Shop Lane in Ridgefield, CT. The sale took place on November 19, 2021, with a sale price of $4,750,000. The property spans 8,989 square feet, resulting in a price per square foot of $528. The capitalization rate for this transaction is 7.33%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,750,000
- Square Footage: 8,989
- Price per Square Foot: $528
- Market: Ridgefield, CT
The transaction was facilitated by the Northeast Private Client Group, represented by Brad Balletto, Rich Edwards, Jeff Wright, Bob Paterno, and John Lockhart.
On the Map
$4,750,000
$528/SF
Retail
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Players
Ridgefield Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93