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Electric Boat Corp Acquires Retail Asset From Namdar Realty Group For $25 Million In Waterford

Property Image
SOLD
$25,000,000
Igal Namdar
JA

Connecticut

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Retail535,000 SF
Sold 10/22/2025
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Property Image
SOLD

Electric Boat Corp Acquires Retail Asset From Namdar Realty Group For $25 Million In Waterford

850 Hartford Turnpike

See Similar Deals
Retail535,000 SF
Sold 10/22/2025
Igal Namdar
JA
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$46
Total Square Footage:535,000 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 850 Hartford Turnpike in Waterford, CT. The transaction was completed at a sale price of $25,000,000, with a total square footage of 535,000. The price per square foot is recorded at $46.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $25,000,000
  • Address: 850 Hartford Turnpike
  • Market: Waterford, CT
  • Square Footage: 535,000
  • Price Per Square Foot: $46
  • Buyer: Electric Boat Corp
  • Buyer's Representative: Mark Rayha
  • Seller: Namdar Realty Group
  • Seller's Representatives: Igal Namdar & Jonathan Abda, CH Capital Group & Mason Asset Management

The key individuals involved in this transaction include Mark Rayha, representing Electric Boat Corp as the buyer's representative. The seller side was represented by Igal Namdar and Jonathan Abda from Namdar Realty Group, along with representatives from CH Capital Group and Mason Asset Management.

Players

Namdar Realty Group
Namdar Realty Group
BROKERAGE
Igal Namdar
Namdar Realty Group
Igal Namdar
22 deals$1.8B volume
SELLER
JA
Namdar Realty Group
Jonathan Abda
8 deals$308.3M volume
SELLER

Details

SOLD
IMAGE: Igal Namdar, Jonathan Abda & Mark Rayha DATE: 10/22/2025 ADDRESS: 850 Hartford Turnpike MARKET: Waterford, CT ASSET TYPE: Retail BUYER: Electric Boat Corp - Mark Rayha SELLER: Namdar Realty Group (@NamdarRealtyGroup) - Igal Namdar & Jonathan Abda, CH Capital Group & Mason Asset Management (@MasonAssetMgmt) SALE PRICE: $25,000,000 SF: 535,000 ~ PPSF: $46

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05