750 Associates, LLC Acquires Retail Property In Fairfield, CT For $3.9M
SOLD
$3,905,000
Connecticut
See Similar DealsRetail6,424 SF
Sold 10/19/2020
SOLD
750 Associates, LLC Acquires Retail Property In Fairfield, CT For $3.9M
750 Post Road, Fairfield, CT, USA
See Similar DealsRetail6,424 SF
Sold 10/19/2020
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$607
Total Square Footage:6,424 SF
Transaction Type:Sale
The retail property located at 750 Post Road & 42 Eliot Street in Fairfield, CT has been sold. The transaction took place on 10/19/2020 for a total sale price of $3,905,000. The property is owned by SERRE Limited Liability Company and the buyer is 750 Associates, LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,905,000
- Address: 750 Post Road & 42 Eliot Street, Fairfield, CT
- Market: Fairfield, CT
The deal was facilitated by Jon Angel of Angel Commercial who represented both the seller, SERRE Limited Liability Company, and the buyer, 750 Associates, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,873.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,511.69
Annual Debt Service$222,140.31
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