facebook

traded

+ Submit
Home

/

Deals

/

Connecticut

/

Retail

/

Sale

/

1651 Boston Post Road, Milf...

Klein Automotive Parts Sells Retail Property On Boston Post Road In Milford, CT For $4.69M
SOLDRetail

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

Charles Berger

CBRE

Broker

$217.7M

vol

20 deals

Broker

Milford 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

3.38%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93