Edens Sells Retail Property In West Hartford, CT For $22.4M With Buyer's Rep Geoffrey Millerd & Mathew Adler
SOLD
$22,400,000
Connecticut
See Similar DealsRetail112,920 SF
Sold 10/11/2022
SOLD
Edens Sells Retail Property In West Hartford, CT For $22.4M With Buyer's Rep Geoffrey Millerd & Mathew Adler
714 North Main Street, West Hartford, Connecticut 06117, United States
See Similar DealsRetail112,920 SF
Sold 10/11/2022
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$198
Total Square Footage:112,920 SF
Transaction Type:Sale
The retail property located at 714 N Main St in West Hartford, CT has been sold for a price of $22,400,000. The transaction took place on 10/11/2022. The property spans an area of 112,920 square feet, resulting in a price per square foot of $198. The seller of the property was Edens.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $22,400,000
- Address: 714 N Main St, West Hartford, CT
- Market: West Hartford, CT
- Asset Type: Retail
The transaction was facilitated by Geoffrey Millerd and Mathew Adler of Newmark, who represented the seller, Edens, in the deal. They played a crucial role in ensuring the successful completion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,194,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,582.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,187.43
Annual Debt Service$1,274,249.14
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