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1890 Dixwell Avenue

Broadpeak Properties, LLC Acquires Retail Property On Dixwell Avenue In Hamden, CT For $1.7M
SOLDRetail

Broadpeak Properties, LLC Acquires Retail Property On Dixwell Avenue In Hamden, CT For $1.7M

1890 Dixwell Avenue & 1916 Dixwell Avenue

$1,700,000

$24/SF

Building Size

70,710 SF

Asset Type

Retail

Closing

Nov 6, 2023

AI

Marcus & Millichap has announced the sale of a retail property located at 1890-1916 Dixwell Avenue in Hamden, Connecticut. The property was sold for $1.7 million.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,700,000
  • Address: 1890-1916 Dixwell Avenue
  • Market: Hamden, CT
  • Square Footage: 35,355
  • Price per Square Foot: $48

The buyer of the property is Broadpeak Properties, LLC. The transaction was facilitated by Adam Sklaver, Maria DeAngelis, Philip Kates, Ross Friedel, Eric Pentore & Westley Klockner of Marcus & Millichap.

Players

Eric Pentore

Institutional Property Advisors

Broker

$371.9M

vol

8 deals

Broker

Hamden 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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93