Northpath Investments Acquires Retail Property In Milford, CT For $11M
143 Cherry Street, Milford, CT, USA
$11,000,000
$61/SF
Building Size
180,315 SF
Asset Type
Retail
Closing
Dec 1, 2021
AI
The retail property located at 143 Cherry Street in Milford, CT has been sold for a price of $11,000,000. The property spans 180,315 square feet, resulting in a price per square foot of $61. The transaction took place on December 1, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,000,000
- Address: 143 Cherry Street, Milford, CT
- Square Footage: 180,315
- Price per Square Foot: $61
- Market: Milford, CT
The buyer of the property is Northpath Investments, while the seller is Hampshire Companies. The deal was facilitated by the brokerage team of Jeffrey Dunne, David Gavin, Steve Bardsley, Jeremy Neuer, and Travis Langer, all from CBRE.
Players
Milford 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93