Updated Oct 28, 2024
New England Retail Properties, Inc. Sells Retail Property In Middletown, CT For $5.9M
815 Newfield Street, Middletown, Connecticut 06457, United States
$5,900,000
$831/SF
Building Size
7,100 SF
Asset Type
Retail
Closing
Mar 7, 2022
About this deal
AI
The retail property located at 815 Newfield St in Middletown, CT has been sold for a price of $5,900,000. The property spans across 4.55 acres and is owned by New England Retail Properties, Inc.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 03/08/2022
- Address: 815 Newfield St, Middletown, CT
- Market: Middletown, CT
- Acres: 4.55
- Seller: New England Retail Properties, Inc.
- Sale Price: $5,900,000
The sale of this retail property was completed on 03/08/2022. The deal was negotiated by Matt Halprin as the representative of the seller, New England Retail Properties, Inc.
Players
Middletown Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Connecticut retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93