Updated Dec 4, 2024
Namdar Realty Acquires Crystal Mall In Waterford, CT For $9.53M
850 Hartford Turnpike Waterford, Connecticut 06385, USA
$9,530,000
Building Size
—
Asset Type
Retail
Closing
Jul 10, 2023
About this deal
AI
The Crystal Mall in Waterford, CT has been sold for $9,530,000. The property, located at 850 Hartford Turnpike, is a retail asset in the Waterford market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,530,000
- Address: 850 Hartford Turnpike, Waterford, CT
- Market: Waterford, CT
Namdar Realty Group, represented by Igal Namdar, acquired the Crystal Mall. The purchase price of $9.53 million was significantly lower than the $81 million loan amount associated with the property. This transaction involved one of the six remaining assets in the collateral pool for UBSBB 2012-C2.
Waterford Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.66%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93