Horvath & Tremblay Acquires Retail Property In Stratford, CT For $2.76M
1350 Barnum Ave, Stratford, CT, USA
$2,759,838
$407/SF
Building Size
6,768 SF
Asset Type
Retail
Closing
Aug 19, 2021
AI
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.
Players
Stratford Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.75%
Cash-on-Cash
-1.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93