Updated Oct 28, 2024
Davenport Companies Sells Retail Property In Wallingford, CT For $20.3M
1094 N Colony Rd, Wallingford, CT, USA
$20,250,000
$126/SF
Building Size
160,000 SF
Asset Type
Retail
Closing
Oct 20, 2021
About this deal
AI
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.
Players
Wallingford 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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93