Klein Automotive Parts Sells Retail Property On Boston Post Road In Milford, CT For $4.69M
SOLD
$4,690,000
Connecticut
See Similar DealsRetail4,596 SF
Sold 11/11/2020
SOLD
Klein Automotive Parts Sells Retail Property On Boston Post Road In Milford, CT For $4.69M
1651 Boston Post Road, Milford, CT 06460
See Similar DealsRetail4,596 SF
Sold 11/11/2020
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$1,020
Total Square Footage:4,596 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,662.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,232.99
Annual Debt Service$266,795.91
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