Northeast Private Client Group Acquires Retail Property In Ridgefield, CT For $4.75M
SOLD
$4,750,000
+ 1
Connecticut
See Similar DealsRetail8,989 SF
Sold 11/19/2021
SOLD
Northeast Private Client Group Acquires Retail Property In Ridgefield, CT For $4.75M
1-7 Big Shop Lane, Ridgefield, CT, USA
See Similar DealsRetail8,989 SF
Sold 11/19/2021
+ 1
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$528
Total Square Footage:8,989 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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