Horvath & Tremblay Acquires Retail Property In Stratford, CT For $2.76M
SOLD
$2,759,838
Connecticut
See Similar DealsRetail6,768 SF
Sold 08/20/2021
SOLD
Horvath & Tremblay Acquires Retail Property In Stratford, CT For $2.76M
1350 Barnum Ave, Stratford, CT, USA
See Similar DealsRetail6,768 SF
Sold 08/20/2021
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$407
Total Square Footage:6,768 SF
Transaction Type:Sale
A retail property located at 1350 Barnum Ave in Stratford, CT has recently been sold for a total of $2,759,838. The property spans a total of 6,768 square feet, resulting in a price per square foot of $408. The sale was finalized on 08/20/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,759,838
- Address: 1350 Barnum Ave
- Market: Stratford, CT
- Square Footage: 6,768
- Price per Square Foot: $408
The sale of this retail property was facilitated by Bob Horvath, Todd Tremblay, and Jason Woods from Horvath & Tremblay, who represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$147,191.36
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,805.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,083.04
Annual Debt Service$156,996.48
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