Tartaglia Commercial Properties Sells Retail Property In West Hartford, CT For $26.4M
1500 New Britain Avenue, West Hartford, Connecticut 06110, United States
$26,400,000
$273/SF
Building Size
96,691 SF
Asset Type
Retail
Closing
Jun 28, 2022
AI
The retail property located at 1500 New Britain Ave in West Hartford, CT has been sold for a total price of $26,400,000. The transaction took place on 06/29/2022 and the property encompasses a total square footage of 96,691. The price per square foot for this sale amounts to $273.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $26,400,000
- Address: 1500 New Britain Ave, West Hartford, CT
- Market: West Hartford, CT
- Seller: Tartaglia Commercial Properties
- Brokers: Jeffrey Dunne, David Gavin & Peter Furest - CBRE
Jeffrey Dunne, David Gavin, and Peter Furest from CBRE represented the seller, Tartaglia Commercial Properties, in this transaction.
Players
West Hartford 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93