Scalzo Commercial Acquires Retail Property In Watertown, CT For $4.55M
SOLD
$4,550,000
Connecticut
See Similar DealsRetail13,000 SF
Sold 01/21/2022
SOLD
Scalzo Commercial Acquires Retail Property In Watertown, CT For $4.55M
26 Davis Street, Watertown, Connecticut 06779, United States
See Similar DealsRetail13,000 SF
Sold 01/21/2022
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:13,000 SF
Transaction Type:Sale
The retail property located at 26 Davis St in Watertown, CT was recently sold for a price of $4,550,000. The property spans 13,000 square feet, resulting in a price per square foot of $350. The sale took place on January 21, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,550,000
- Address: 26 Davis St, Watertown, CT
- Market: Watertown, CT
The seller of the property was 675 Hempstead Turnpike LLC. Representing the buyer in the transaction was Scalzo Commercial & New Development, while Roger Delisle of Island Associates Real Estate Inc represented the seller as their representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$242,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,165.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,569.32
Annual Debt Service$258,831.86
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