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714 North Main Street, West...

Edens Sells Retail Property In West Hartford, CT For $22.4M With Buyer's Rep Geoffrey Millerd & Mathew Adler
SOLDRetail

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

$22,400,000

$198/SF

Building Size

112,920 SF

Asset Type

Retail

Closing

Oct 10, 2022

AI

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.

Players

Geoffrey Millerd

Newmark

Broker

$825M

vol

14 deals

Broker
Edens
EdensSeller

West Hartford 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

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93