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200 New Hartford Road

Marcus & Millichap Sells The Shops At Ledgebrook In Winsted, CT For $14.06M
SOLDRetail

Marcus & Millichap Sells The Shops At Ledgebrook In Winsted, CT For $14.06M

200 New Hartford Road

$14,060,000

$133/SF

Building Size

105,499 SF

Asset Type

Retail

Closing

Jan 29, 2025

AI

A retail asset located at 200 New Hartford Road in Winsted, CT, was sold for $14,060,000. The property encompasses 105,499 square feet on a 14-acre plot, translating to a price per square foot of $133. The sale reflects a notable transaction in the local market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $14,060,000
  • Address: 200 New Hartford Road
  • Market: Winsted, CT
  • Asset Size: 105,499 square feet
  • Price per Square Foot: $133
  • Acres: 14
  • Brokers: Joseph French Jr. & Kodi Traver - Marcus & Millichap

Joseph French Jr. and Kodi Traver represented the seller in this transaction and successfully secured a buyer for the property. The transaction involved The Shops at Ledgebrook, which contains 33,000 square feet of vacancy, indicating potential for future development or lease opportunities.

Players

Joseph French Jr.

Marcus & Millichap

Broker

$93.1M

vol

12 deals

Broker

Winsted 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93