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
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