Updated Dec 4, 2024
Hitchcock Plaza Sold For $7M In Orange, CT
185 Boston Post Road
$7,000,000
$125/SF
Building Size
56,000 SF
Asset Type
Retail
Closing
Nov 10, 2023
About this deal
AI
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.
Weston 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93