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518 Salmon Brook Street, Gr...

Lani-Liu Helisch Acquires Retail Property In Granby, CT For $795,000
SOLDRetail

Lani-Liu Helisch Acquires Retail Property In Granby, CT For $795,000

518 Salmon Brook Street, Granby, CT 06035, USA

$795,000

$55/SF

Building Size

14,454 SF

Asset Type

Retail

Closing

Jul 30, 2021

AI

The retail property located at 518 Salmon Brook Street in Granby, CT was recently sold for a price of $795,000. The property spans a total area of 14,454 square feet, resulting in a price per square foot of $55. The sale transaction took place on July 30, 2021, with Peter Kanaras acting as the seller and Lani-Liu Helisch as the buyer.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $795,000
  • Date: 07/30/2021
  • Address: 518 Salmon Brook Street
  • Market: Granby, CT
  • Seller: Peter Kanaras
  • Buyer: Lani-Liu Helisch
  • Brokers: Frank Greco IV & Mike Boyarsky - SullivanHayes Northeast
  • Square Footage: 14,454
  • Price per Square Foot: $55

Frank Greco IV and Mike Boyarsky from SullivanHayes Northeast represented the buyer and seller, respectively, in this transaction.

Players

Frank Greco

Broker

$1.5M

vol

3 deals

Broker

Granby Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

19.95%

Cash-on-Cash

-5.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93