Northeast Private Client Group Acquires Retail Property In Ridgefield, CT For $4.75M

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.