SOLDRetail
DealPoint Merrill Acquires Retail Property At 77 Centennial Plaza In Meriden, CT
77 Centennial Avenue, Meriden, CT, USA
Building Size
158,000 SF
Asset Type
Retail
Closing
Jun 24, 2020
AI
A retail property located at 77 Centennial Plaza in Meriden, CT has been sold in a recent transaction. The property spans approximately 158,000 square feet and was sold on June 24, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 06/24/2021
- Address: 77 Centennial Plaza, Meriden, CT
- Market: Meriden, CT
- Square Footage: 158,000 sf
The buyer in this transaction is DealPoint Merrill, represented by David Frank. The deal was facilitated by brokers Joe French and Kodi Traver from Marcus & Millichap.
Players
Meriden 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93