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1415 West Main Street Windh...

California Investor Acquires Dollar General Retail Property In Windham, CT For $2.2M
SOLDRetail

California Investor Acquires Dollar General Retail Property In Windham, CT For $2.2M

1415 West Main Street Windham, Connecticut 06226 USA

$2,200,000

$209/SF

Building Size

10,512 SF

Asset Type

Retail

Closing

Apr 25, 2023

AI

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.

Players

David Krasne

Buyer

$12.4M

vol

2 deals

Buyer
CL
Calito Development Group LLCSeller

Windham 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93