Updated Dec 21, 2023
Retail Property In Norwich, CT Sold For $4.5M: Bob Horvath, Todd Tremblay, & Matt Nadler - Horvath & Tremblay
30 Salem Turnpike, Norwich, CT 06360, USA
$4,500,000
$695/SF
Building Size
6,466 SF
Asset Type
Retail
Closing
Aug 26, 2021
About this deal
AI
The retail property located at 30 Salem Turnpike in Norwich, CT has been sold for a total of $4,500,000. The transaction was completed on 08/26/2021. The property spans across an area of 6,466 square feet, resulting in a price per square foot of $696.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 30 Salem Turnpike, Norwich, CT
- Market: Norwich, CT
- Brokers: Bob Horvath, Todd Tremblay, & Matt Nadler - Horvath & Tremblay
The team behind this successful deal includes Bob Horvath, Todd Tremblay, and Matt Nadler from Horvath & Tremblay. Their expertise and representation have contributed to the smooth conclusion of the transaction.
Players
Norwich 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93