Updated Dec 21, 2023
Matt Nadler - Horvath & Tremblay Brokers $2.05M Retail Sale In Manchester, CT
525 Middle Turnpike W, Manchester, CT 06040, USA
$2,050,000
$550/SF
Building Size
3,725 SF
Asset Type
Retail
Closing
Nov 19, 2020
About this deal
AI
The retail property located at 525 Middle Turnpike W. in Manchester, CT has been sold for a price of $2,050,000. The transaction took place on November 20, 2020. The property is situated in the Manchester market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,050,000
The sale was facilitated by Matt Nadler from Horvath & Tremblay. Matt Nadler represented the parties involved in the transaction as the broker.
The retail sale at 525 Middle Turnpike W, Manchester, CT 06040, USA in Manchester, Connecticut sold for $2.1M in 2020. The building is 3,725 square feet, implying about 550 per square foot on the published price. Matthew (Matt) Nadler, Horvath & Tremblay appear on the sale alongside Horvath & Tremblay. This page is the Manchester, Connecticut file for the 525 Middle Turnpike W, Manchester, CT 06040, USA retail sold: pricing, party profiles, and other closed retail comps from the same Manchester sit in the Market section below. Filter that Manchester retail set by closing date to see what else sold near 525 Middle Turnpike W, Manchester, CT 06040, USA around 2020. Published consideration for 525 Middle Turnpike W, Manchester, CT 06040, USA is $2.1M, dated 2020. Cite this Matt Nadler - Horvath & Tremblay Brokers $2.05M Retail Sale In Manchester, CT sale when underwriting similar retail product around Manchester, Connecticut.
Manchester 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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93