Tartaglia Commercial Properties Sells Retail Property In West Hartford, CT For $26.4M
SOLD
$26,400,000
Connecticut
See Similar DealsRetail96,691 SF
Sold 06/29/2022
SOLD
Tartaglia Commercial Properties Sells Retail Property In West Hartford, CT For $26.4M
1500 New Britain Avenue, West Hartford, Connecticut 06110, United States
See Similar DealsRetail96,691 SF
Sold 06/29/2022
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$273
Total Square Footage:96,691 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,408,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$93,793.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$125,149.47
Annual Debt Service$1,501,793.62
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