NNN Pro Group Facilitates Sale Of Advance Auto Parts In West Hartford For $1.875M
SOLD
$1,875,000
Connecticut
See Similar DealsRetail6,000 SF
Sold 06/25/2024
SOLD
NNN Pro Group Facilitates Sale Of Advance Auto Parts In West Hartford For $1.875M
443 New Park Avenue
See Similar DealsRetail6,000 SF
Sold 06/25/2024
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$312
Total Square Footage:6,000 SF
Transaction Type:Sale
The retail property located at 443 New Park Avenue in West Hartford, CT has been sold for $1,875,000. The asset spans 6,000 square feet, resulting in a price per square foot of $313.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,875,000
- Address: 443 New Park Avenue
- Market: West Hartford, CT
- Brokers: Anthony D'Ambrosia, Josh Kanter & Glen Kunofsky - NNN Pro Group
The NNN Pro Group, represented by Anthony D'Ambrosia, Josh Kanter, and Glen Kunofsky, successfully facilitated the sale of the Advance Auto Parts establishment in West Harford, CT.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$100,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,661.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,888.46
Annual Debt Service$106,661.48
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