Updated Oct 29, 2024
Hudson East LLC Acquires Retail Property In South Windsor, CT For $4.5M
100 Cedar Avenue South Windsor, Connecticut 06074, USA
$4,500,000
$106/SF
Building Size
42,313 SF
Asset Type
Retail
Closing
May 11, 2023
About this deal
AI
A 42,313-square-foot retail building located at 100 Cedar Avenue in South Windsor, Connecticut, has been sold for $4.5 million. The property was purchased by Hudson East LLC from the seller, Bartlett & Stage LLC. The building is situated near the Evergreen Walk retail outlets and was formerly used as a fitness center. The sale price translates to a price per square foot of $106.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 100 Cedar Avenue
- Market: South Windsor, CT
- Buyer: Hudson East LLC
- Seller: Bartlett & Stage LLC
- Square Footage: 42,313 sq ft
- Price per Square Foot: $106
Katz & Associates represented Hudson East LLC as their broker in this transaction.
Players
South Windsor 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93