Updated Dec 4, 2024
Horvath & Tremblay Facilitates $2.27M Retail Sale At 500 North Avenue, Bridgeport
500 North Avenue
$2,271,379
Building Size
—
Asset Type
Retail
Closing
Jun 28, 2024
About this deal
AI
A newly constructed Wendy’s located at 500 North Avenue in Bridgeport, CT was recently sold for $2,271,379. The sale was facilitated by Horvath & Tremblay, representing both the seller and the buyer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,271,379
- Address: 500 North Avenue, Bridgeport, CT
- Market: Bridgeport, CT
- Brokers: Jason Prescott Woods, Matthew Nadler, Robert Horvath & Todd Tremblay - Horvath & Tremblay
Horvath & Tremblay played a crucial role in the sale of the Wendy’s property, serving as the representatives for both the seller and the buyer. The team of brokers, including Jason Prescott Woods, Matthew Nadler, Robert Horvath, and Todd Tremblay, orchestrated the successful transaction in Bridgeport, CT.
On the Map
$2,271,379
Retail
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Players
Bridgeport 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
6.98%
Cash-on-Cash
-2.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93