Updated Dec 4, 2024
30 Waterchase LLC Acquires 8.8-Acre Retail Plaza In Rocky Hill For $9M
30 Waterchase Drive
$9,000,000
$73/SF
Building Size
122,008 SF
Asset Type
Retail
Closing
Sep 15, 2023
About this deal
AI
A 122,008-square-foot retail and office plaza located at 30 Waterchase Drive in Rocky Hill, CT, has been sold for $9 million. The property sits on 8.8 acres and was acquired by 30 Waterchase LLC from Zi Qian Zhang - Woodgreen Management. The sale was recorded on September 15.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,000,000
- Address: 30 Waterchase Drive, Rocky Hill, CT
- Market: Rocky Hill, CT
- Acres: 8.8
- Buyer: 30 Waterchase LLC
- Seller: Zi Qian Zhang - Woodgreen Management
A Massachusetts buyer made the acquisition, adding this retail and office plaza to their portfolio. The deal showcases their interest in expanding their real estate assets and presence in the Rocky Hill market.
Players
Rocky Hill 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93