Updated Sep 5, 2024
NNN Pro Group Of Marcus & Millichap Sells Retail Property In Cheshire, CT For $5.25M
581 Highland Avenue, Cheshire, Connecticut 06410, United States
$5,250,000
$296/SF
Building Size
17,690 SF
Asset Type
Retail
Closing
Mar 17, 2022
About this deal
AI
The retail property located at 581 Highland Ave in Cheshire, CT was recently sold for a price of $5,250,000. The transaction took place on 03/18/2022. The property spans across 17,690 square feet, resulting in a price per square foot of $297. The asset, situated in the Cheshire market, was sold in a closed deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,250,000
- Address: 581 Highland Ave, Cheshire, CT
- Transaction Date: 03/18/2022
- Market: Cheshire, CT
- Square Footage: 17,690
- Price per Square Foot: $297
The transaction was facilitated by brokers Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from the NNN Pro Group of Marcus & Millichap. They represented the parties involved in the deal, ensuring a successful sale of the retail property.
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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93