Updated Sep 5, 2024
NNN Pro Group Acquires Retail Property In Meriden, CT For $2.45M
518 Broad St Meriden, CT 06450, USA
$2,459,782
$340/SF
Building Size
7,225 SF
Asset Type
Retail
Closing
Jun 15, 2023
About this deal
AI
A retail property located at 518 Broad Street in Meriden, CT has been sold for a transaction price of $2,459,782. The property spans 7,225 square feet and was sold at a price per square foot of $340.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,459,782
- Address: 518 Broad Street, Meriden, CT
- Market: Meriden, CT
- Brokers: Glen Kunofsky, Anthony D'Ambrosia & Josh Kanter - NNN Pro Group
The brokers involved in the deal were Glen Kunofsky, Anthony D'Ambrosia, and Josh Kanter from NNN Pro Group. They represented the parties in the transaction, facilitating the sale of the retail property.
A note from the Broker of Record, Brian Brockman, of Bang Realty-New England, Inc states that he holds the license REB.0792373.
Players
Meriden 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
6.45%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93