Updated Oct 28, 2024
Bidwell Associates Sells Retail Property On Main St In Glastonbury, CT For $1M
3041 Main Street, Glastonbury, Connecticut 06033, United States
$1,000,000
Building Size
—
Asset Type
Retail
Closing
Dec 20, 2021
About this deal
AI
Located at 3041 Main St in Glastonbury, CT, this retail property was recently sold in a closed transaction. The seller, Bidwell Associates, enlisted the services of Matt Halprin from New England Retail Properties, Inc as their broker representative. The sale of this asset took place on December 21, 2021.
Summary of transation details
- Property Type: Retail
- Sale Price: $1,000,000
- Address: 3041 Main St
- Market: Glastonbury, CT
This retail property was sold for a total of $1,000,000. The transaction was facilitated by Matt Halprin from New England Retail Properties, Inc, who represented Bidwell Associates in the deal. This sale marks a successful transaction in the Glastonbury, CT market.
Players
Glastonbury 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93