Updated Oct 28, 2024
Marcus & Millichap Sells Retail Property In Monroe, CT For $6M
275 Monroe Turnpike, Monroe, Connecticut 06468, United States
$6,000,000
$412/SF
Building Size
14,560 SF
Asset Type
Retail
Closing
May 12, 2022
About this deal
AI
The property involved in this sale transaction is a retail asset located at 275 Monroe Turnpike in Monroe, CT. The property spans a total square footage of 14,560. The sale price for this property was $6,000,000, resulting in a price per square foot of $412.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,000,000
- Address: 275 Monroe Turnpike, Monroe, CT
- Market: Monroe, CT
- Seller: 275 Monroe Turnpike LLC
- Broker: Marcus & Millichap
The sale of this retail property was facilitated by Marcus & Millichap, who acted as the broker for the seller, 275 Monroe Turnpike LLC.
Players
Monroe 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93