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Atlantic Capital Partners Facilitates $24.6M Sale Of North Town Center, CT
SOLD
$24,600,000
+ 1
Connecticut
See Similar DealsRetail115,000 SF
Sold 02/19/2024
SOLD
Atlantic Capital Partners Facilitates $24.6M Sale Of North Town Center, CT
355 Hawley Lane
See Similar DealsRetail115,000 SF
Sold 02/19/2024
+ 1
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$213
Total Square Footage:115,000 SF
Transaction Type:Sale
The $24.6 million sale of North Town Center, a 115,000-square-foot shopping center located at 355 Hawley Lane in Stratford, Connecticut, was facilitated by Atlantic Capital Partners. The property was sold for a price of $214 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24,600,000
- Address: 355 Hawley Lane
- Market: Stratford, CT
- Brokers: Chris Peterson, Justin Smith, Sam Koonce & Matt Ericson - Atlantic Retail Properties
The sale transaction involved brokers Chris Peterson, Justin Smith, Sam Koonce, and Matt Ericson from Atlantic Retail Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,312,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$87,398.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,616.55
Annual Debt Service$1,399,398.60
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