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355 Hawley Lane

Atlantic Capital Partners Facilitates $24.6M Sale Of North Town Center, CT
SOLDRetail

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:

The sale transaction involved brokers Chris Peterson, Justin Smith, Sam Koonce, and Matt Ericson from Atlantic Retail Properties.

Players

Justin Smith

Atlantic Retail

Broker

$627.5M

vol

31 deals

Broker

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