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Horvath & Tremblay Facilitates $2.27M Retail Sale At 500 North Avenue, Bridgeport
SOLD
$2,271,379
+ 1
Connecticut
See Similar DealsRetail
Sold 06/28/2024
SOLD
Horvath & Tremblay Facilitates $2.27M Retail Sale At 500 North Avenue, Bridgeport
500 North Avenue
See Similar DealsRetail
Sold 06/28/2024
+ 1
Summary
CONNECTICUT
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$121,140.21
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,069.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,767.50
Annual Debt Service$129,209.94
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