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DLC Management Corp Acquires Brookside Center In Bridgeport For $46.5M
SOLD
$46,500,000
Connecticut
See Similar DealsRetail
Sold 07/12/2023
SOLD
DLC Management Corp Acquires Brookside Center In Bridgeport For $46.5M
4531 Main St Bridgeport, Ct 06606, Usa
See Similar DealsRetail
Sold 07/12/2023
Summary
CONNECTICUT
Asset Type:Retail
Transaction Type:Sale
DLC Management Corp, represented by Adam Ifshin, has acquired Brookside Center in Bridgeport, CT, for a total of $46.5 million. The retail property is located at 4531 N Main Street and offers a prime location in the Bridgeport market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $46,500,000
- Address: 4531 N Main Street
- Market: Bridgeport, CT
This acquisition marks a significant addition to DLC Management Corp's portfolio, expanding their presence in the Bridgeport market. Adam Ifshin, representing DLC Management Corp, played a key role as the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,479,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$165,204.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$220,433.72
Annual Debt Service$2,645,204.68
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