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
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