DealPoint Merrill Acquires Retail Property For $5.2M In Meriden, CT
560-566 W Main St, Meriden, CT, USA
$5,200,000
$32/SF
Building Size
158,792 SF
Asset Type
Retail
Closing
Aug 10, 2020
AI
DealPoint Merrill has acquired a retail property located at 560-566 W Main St in Meriden, CT. The property, owned by Centennial Main, LLC, was sold for a total price of $5,200,000. Spanning across 158,792 square feet, the property was sold at an average price per square foot of $33.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,200,000
- Address: 560-566 W Main St, Meriden, CT
- Market: Meriden, CT
The deal was facilitated by Joseph French Jr. and Kodi Traver from Marcus & Millichap, who served as the brokers for both the buyer, DealPoint Merrill, and the seller, Centennial Main, LLC.
Players
Meriden 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93