Updated Oct 28, 2024
JAB Partners Acquires Retail Property In Cheshire, CT For $1.2M
535 West Main Street, Cheshire, Connecticut 06410, United States
$1,200,000
$48/SF
Building Size
25,000 SF
Asset Type
Retail
Closing
Mar 10, 2022
About this deal
AI
The retail property located at 535 W Main St in Cheshire, CT was recently sold in a closed transaction. The property spans 25,000 square feet and was sold for a total price of $1,200,000, resulting in a price per square foot of $48.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,200,000
- Address: 535 W Main St, Cheshire, CT
- Market: Cheshire, CT
- Square Footage: 25,000
The buyer of the property was JAB Partners, LLC, while the seller was represented by Stephen Press from Press/Cuozzo Commercial Services. Bria Durant from ReMax Alliance acted as the buyer's representative in the deal.
Players
Cheshire 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93