JAB Partners Acquires Retail Property In Cheshire, CT For $1.2M
SOLD
$1,200,000
Connecticut
See Similar DealsRetail25,000 SF
Sold
SOLD
JAB Partners Acquires Retail Property In Cheshire, CT For $1.2M
535 West Main Street, Cheshire, Connecticut 06410, United States
See Similar DealsRetail25,000 SF
Sold
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$48
Total Square Footage:25000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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