Updated Oct 28, 2024
DeLaurentis Management Corp Acquires Retail Property In West Haven, CT For $3M
220 Captain Thomas Boulevard, West Haven, CT 06516, USA
$3,000,000
$47/SF
Building Size
62,722 SF
Asset Type
Retail
Closing
Jun 28, 2020
About this deal
AI
Located at 200-205 Captain Thomas Blvd in West Haven, CT, this retail property was recently sold. The transaction took place on June 28, 2021, and was facilitated by the broker Phil Marshall from OR&L Commercial LLC. The property spans 62,722 square feet and was sold for a total price of $3,000,000, resulting in a price per square foot of $48. The buyer of the property is DeLaurentis Management Corp.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 200-205 Captain Thomas Blvd, West Haven, CT
- Market: West Haven, CT
This sale was made possible through the efforts of Phil Marshall, representing OR&L Commercial LLC. The involvement of DeLaurentis Management Corp as the buyer highlights their interest in retail assets. The transaction showcases the significance of the property's location in West Haven, CT, contributing to its market value. The retail property's size of 62,722 square feet and the sale price of $3,000,000 demonstrate its desirability in the competitive real estate market.
Players
West Haven 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93