facebook

traded

+ Submit
Home

/

Deals

/

Connecticut

/

Retail

/

Sale

/

333 North Main Street, West...

First National Realty Partners Acquires Retail Property In West Hartford For $76M
SOLDRetail

First National Realty Partners Acquires Retail Property In West Hartford For $76M

333 North Main Street, West Hartford, Connecticut 06117, United States

$76,000,000

$293,436/SF

Building Size

259 SF

Asset Type

Retail

Closing

May 12, 2022

AI

First National Realty Partners has acquired a retail property located at 333 N Main St in West Hartford, CT. The transaction took place on 12/05/2022 and the seller was EDENS. The property, spanning 259,104 square feet, was sold for a total price of $76,000,000, resulting in a price per square foot of $293. Paul Penman from Newmark represented the buyer in this transaction.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $76,000,000
  • Address: 333 N Main St, West Hartford, CT
  • Market: West Hartford, CT
  • Buyer: First National Realty Partners
  • Seller: EDENS
  • Broker: Paul Penman - Newmark
  • Square Footage: 259,104
  • Price per Square Foot: $293

Paul Penman from Newmark played a crucial role in representing First National Realty Partners as the buyer in this transaction. Their expertise and negotiations helped facilitate the successful acquisition of the retail property in West Hartford, CT for $76,000,000.

Players

Paul Penman

Newmark

Broker

$884.1M

vol

14 deals

Broker
First National Realty Partners
First National Realty PartnersBuyer
Edens
EdensSeller

West Hartford Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93