Klein Automotive Parts Sells Retail Property On Boston Post Road In Milford, CT For $4.69M
1651 Boston Post Road, Milford, CT 06460
$4,690,000
$1,020/SF
Building Size
4,596 SF
Asset Type
Retail
Closing
Nov 10, 2020
AI
A retail property located at 1651 Boston Post Road in Milford, CT, has been recently sold for a price of $4,690,000. The property spans across 4,596 square feet, resulting in a price per square foot of $1,020. The seller of the property was Klein Automotive Parts.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,690,000
- Address: 1651 Boston Post Road, Milford, CT
- Market: Milford, CT
The transaction was facilitated by the brokerage firm CBRE, with Charles Berger, Elli Klapper, and Samuel Bernhaut representing the seller, Klein Automotive Parts. They played a key role in the successful sale of the retail property.
Players
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
3.38%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93