NNN Pro Group Arranges Sale Of The Learning Experience School In Enfield CT For $5.52M
SOLD
$5,518,519
+ 1
Connecticut
See Similar DealsRetail10,000 SF
Sold 07/17/2024
SOLD
NNN Pro Group Arranges Sale Of The Learning Experience School In Enfield CT For $5.52M
11 Shaker Road
See Similar DealsRetail10,000 SF
Sold 07/17/2024
+ 1
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$551
Total Square Footage:10,000 SF
Transaction Type:Sale
The asset involved in the transaction is a retail property located at 11 Shaker Road in Enfield, CT. The property has a sale price of $5,518,519 and occupies a total square footage of 10,000, equating to a price per square foot of $552.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,518,519
- Square Footage: 10,000
- Price per Square Foot: $552
- Address: 11 Shaker Road
- Market: Enfield, CT
The deal was facilitated by the NNN Pro Group, represented by Anthony D'Ambrosia, Glen Kunofsky, Josh Kanter, and Kevin Burke, who arranged the sale of The Learning Experience school.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$294,321.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,606.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,160.60
Annual Debt Service$313,927.15
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