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143 Cherry Street, Milford,...

Northpath Investments Acquires Retail Property In Milford, CT For $11M
SOLDRetail

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

Jeremy Neuer

JLL

Broker

$1.9B

vol

45 deals

Broker
Northpath Investments
Northpath InvestmentsBuyer

Milford 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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93