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
Winsted Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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