Calito Development Group Sells Plymouth Retail Property For $2.36M
568 Main Street Plymouth, Connecticut 06782, USA
$2,360,000
$221/SF
Building Size
10,640 SF
Asset Type
Retail
Closing
Aug 2, 2023
AI
The recently completed building located at 568 Main Street in Plymouth, CT has been sold by Calito Development Group to a Los Angeles investor for $2.36 million. The property, situated on 1.8 acres of land, is a retail establishment spanning 10,640 square feet. The sale price per square foot stands at $222.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $2,360,000
- Address: 568 Main Street, Plymouth, CT
- Market: Plymouth, CT
- Acres: 1.8
- SF: 10,640
- PPSF: $222
Torrington-based Calito Development Group, renowned for constructing retail properties for national retailers, successfully completed the construction of the building before selling it. The buyer, an investor from Los Angeles, saw potential in the property and acquired it for $2.36 million.
Players
Nikenbah 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
6.72%
Cash-on-Cash
-1.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93