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19 Hartford Avenue, Granby,...

Laurie Ann (L.A.) Drinkwater & Seth Richard Acquire Retail Property In Granby, CT For $2.1M
SOLDRetail

Laurie Ann (L.A.) Drinkwater & Seth Richard Acquire Retail Property In Granby, CT For $2.1M

19 Hartford Avenue, Granby, CT, USA

$2,100,000

$470/SF

Building Size

4,464 SF

Asset Type

Retail

Closing

May 20, 2021

AI

The retail property located at 19 Hartford Ave in Granby, CT was recently sold for $2,100,000. The transaction took place on 05/21/2021 and involved a total square footage of 4,464. The property was sold at a price per square foot of $470.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,100,000
  • Address: 19 Hartford Ave, Granby, CT
  • Date: 05/21/2021
  • Square Footage: 4,464
  • Price per Square Foot: $470

The sale of the retail property was facilitated by Laurie Ann (L.A.) Drinkwater and Seth Richard from Marcus & Millichap. As brokers for the deal, they represented the buyer and seller throughout the transaction.

Players

Laurie Ann Drinkwater

Marcus & Millichap

Broker

$75M

vol

13 deals

Broker

Granby 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93