Updated Dec 21, 2023
KeyPoint Partners (KPP) Brokers $10M Retail Sale In East Hartford, Wellesley, And Franklin
1122 Burnside Avenue, East Hartford, CT, USA
$10,000,000
Building Size
—
Asset Type
Retail
Closing
Aug 9, 2020
About this deal
AI
An approximately $10,000,000 retail property transaction was recently completed in various locations. The properties involved in the deal are located at 1122 Burnside Avenue in East Hartford, CT, 9 Central Street in Wellesley, MA, and 471 W Central St in Franklin, MA.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000 (Approx.)
- Market: East Hartford, CT, Wellesley, MA, and Franklin, MA
The sale was facilitated by KeyPoint Partners (KPP), a brokerage agency representing the transaction. Brian Kelley captured an image related to the deal, which was shared on Instagram on 08/09/2021.
Players
East Hartford Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93