Scalzo Commercial Acquires Retail Property In Watertown, CT For $4.55M
26 Davis Street, Watertown, Connecticut 06779, United States
$4,550,000
$350/SF
Building Size
13,000 SF
Asset Type
Retail
Closing
Jan 21, 2022
AI
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.
Players
Oakville 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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93