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California Investor Acquires Dollar General Retail Property In Windham, CT For $2.2M
SOLD
$2,200,000
Connecticut
See Similar DealsRetail10,512 SF
Sold 04/25/2023
SOLD
California Investor Acquires Dollar General Retail Property In Windham, CT For $2.2M
1415 West Main Street Windham, Connecticut 06226 USA
See Similar DealsRetail10,512 SF
Sold 04/25/2023
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$209
Total Square Footage:10,512 SF
Transaction Type:Sale
A recently constructed retail property housing a Dollar General store in Windham, Connecticut, has been sold to a California investor for $2.2 million. The property is a 10,512-square-foot building situated on 1.1 acres of land. The transaction took place at 1415 West Main Street in Windham, CT.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,200,000
- Square Footage: 10,512
- Address: 1415 West Main Street, Windham, CT
- Market: Windham, CT
The buyer of the property is David L. Krasne, while the seller is the Calito Development Group LLC. The sale price per square foot is $209. This transaction involved a limited liability company affiliated with the Calito Development Group LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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