Davenport Companies Sells Retail Property In Wallingford, CT For $20.3M
SOLD
$20,250,000
Connecticut
See Similar DealsRetail160,000 SF
Sold 10/20/2021
SOLD
Davenport Companies Sells Retail Property In Wallingford, CT For $20.3M
1094 N Colony Rd, Wallingford, CT, USA
See Similar DealsRetail160,000 SF
Sold 10/20/2021
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$126
Total Square Footage:160,000 SF
Transaction Type:Sale
The retail property located at 1094 N Colony Rd in Wallingford, CT has been sold for a price of $20,250,000. The property encompasses approximately 26.45 acres and has a total square footage of 160,000. The price per square foot for this transaction is $127. The seller of the property was Davenport Companies.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $20,250,000
- Address: 1094 N Colony Rd, Wallingford, CT
- Market: Wallingford, CT
- Total Acreage: 26.45 acres
- Price per Acre: $765,595
- Total Square Footage: 160,000
- Price per Square Foot: $127
The sale was facilitated by Nat Heald & Chris Angelone from JLL, who represented Davenport Companies as the sellers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,080,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,943.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$95,995.33
Annual Debt Service$1,151,943.97
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