Updated Oct 28, 2024
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
About this deal
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