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
West Hartford 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93