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Hitchcock Plaza Sold For $7M In Orange, CT
SOLD
$7,000,000
Connecticut
See Similar DealsRetail56,000 SF
Sold
SOLD
Hitchcock Plaza Sold For $7M In Orange, CT
185 Boston Post Road
See Similar DealsRetail56,000 SF
Sold
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$125
Total Square Footage:56000 SF
Transaction Type:Sale
Hitchcock Plaza, located at 185 Boston Post Road in Orange, CT, has been sold for $7 million. This retail property spans approximately 56,000 square feet and sits on a generous 6.25-acre lot. The sale price equates to a price per square foot of $125.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,000,000
- Address: 185 Boston Post Road, Orange, CT
- Market: Orange, CT
- Acres: 6.25
The deal was facilitated by Arnold Peck from Arnold Peck's Commerical World. Hitchcock Plaza offers a substantial retail space of 56,000 square feet and is situated on a spacious 6.25-acre lot. This transaction marks a significant milestone in the Orange, CT market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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