Horvath & Tremblay Brokers Facilitate $2.23M Retail Sale In Coventry, CT
1600 Boston Turnpike, Coventry, CT, USA
$2,230,000
$245/SF
Building Size
9,100 SF
Asset Type
Retail
Closing
Jul 29, 2021
AI
The retail property located at 1600 Boston Tpke in Coventry, CT, was recently sold for a transaction amount of $2,230,000. The property spans a total of 9,100 square feet, resulting in a price per square foot of $245. Additionally, the property sits on 1.13 acres, with a price per acre of $1,973,451.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,230,000
- Square Footage: 9,100
- Price per Square Foot: $245
- Address: 1600 Boston Tpke., Coventry, CT
- Market: Coventry, CT
- Acres: 1.13
- Price per Acre: $1,973,451
The sale of this retail property was facilitated by Bob Horvath, Todd Tremblay, and Hobart Hare from Horvath & Tremblay, who represented the involved parties in the transaction.
Players
Coventry 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
7.11%
Cash-on-Cash
-2.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93