Updated Oct 28, 2024
Watland Farm LLC Acquires Retail Property In Waterbury, CT For $3M
1359 Thomaston Avenue, Waterbury, Connecticut 06704, United States
$3,000,000
$622/SF
Building Size
4,816 SF
Asset Type
Retail
Closing
May 25, 2022
About this deal
AI
A retail property located at 1359 Thomaston Ave in Waterbury, CT has been sold for a total of $3,000,000. The property spans an area of 1.1 acres and offers approximately 4,816 square feet of space. The sale price per square foot was $523. The transaction took place on May 26, 2022, and the buyer was Watland Farm LLC, represented by Irving H. Paler. The seller was Oris Real Estate Investments LLC.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 1359 Thomaston Ave, Waterbury, CT
- Market: Waterbury, CT
- Acres: 1.1
- Buyer: Watland Farm LLC - Irving H. Paler
- Seller: Oris Real Estate Investments LLC
- Square Footage: 4,816
- Price Per Square Foot: $523
The buyer, Watland Farm LLC, was represented by Irving H. Paler of Watland Farm LLC. This transaction showcases the involvement of key individuals and companies in the deal.
Players
Waterbury 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93