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Abundant Partners Sells Retail Property In Waterbury, CT For $2.4M

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SOLD
$2,400,000

Connecticut

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Retail132,000 SF
Sold 08/09/2023
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SOLD

Abundant Partners Sells Retail Property In Waterbury, CT For $2.4M

1030 Wolcott St Waterbury, CT 06705, USA

See Similar Deals
Retail132,000 SF
Sold 08/09/2023
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Summary

CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$18
Total Square Footage:132,000 SF
Transaction Type:Sale

The retail property located at 1030 Wolcott Street in Waterbury, CT has been sold for a total price of $2,400,000. The property spans across 132,000 square feet, resulting in a price per square foot of $18. The seller of the property was Abundant Partners, while the brokerage services were provided by Sol Dweck of Dweck Realty Group.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,400,000
  • Square Footage: 132,000
  • Price per Square Foot: $18
  • Address: 1030 Wolcott Street, Waterbury, CT
  • Market: Waterbury, CT
  • Seller: Abundant Partners
  • Broker: Sol Dweck – Dweck Realty Group

Sol Dweck, a representative of Dweck Realty Group, played a key role in facilitating the sale of the retail property at 1030 Wolcott Street. The deal, valued at $2,400,000, was successfully completed with the involvement of Abundant Partners as the seller. The property offers a vast area of 132,000 square feet, allowing for various retail opportunities in the sought-after market of Waterbury, CT.

Players

2 deals$11.5M volume
BROKER

Details

SOLD
IMAGE: Sol Dweck DATE: 08/09/2023 ADDRESS: 1030 Wolcott Street MARKET: Waterbury, CT ASSET TYPE: Retail SELLER: Abundant Partners BROKER: Sol Dweck – Dweck Realty Group SALE PRICE: $2,400,000 SF: 132,000 ~ PPSF: $18 Dweck

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69