Atlantic Capital Partners Facilitates $24.6M Sale Of North Town Center, CT
355 Hawley Lane
$24,600,000
$213/SF
Building Size
115,000 SF
Asset Type
Retail
Closing
Feb 19, 2024
AI
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.
Players
Stratford 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93