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855 Boston Post Rd, West Ha...

855 Boston Post Road Retail Property In West Haven, CT Sells For $3.3M With Bart Realty LLC As The Seller And 855 Orange Ave LLC As The Buyer
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855 Boston Post Road Retail Property In West Haven, CT Sells For $3.3M With Bart Realty LLC As The Seller And 855 Orange Ave LLC As The Buyer

855 Boston Post Rd, West Haven, CT 06516, USA

$3,300,000

$46/SF

Building Size

71,500 SF

Asset Type

Retail

Closing

Oct 15, 2020

AI

The property asset involved in this transaction is a retail space located at 855 Boston Post Road in West Haven, CT. The property spans 71,500 square feet and was sold for a price of $3,300,000, resulting in a price per square foot of $46. The seller of the property was Bart Realty, LLC, while the buyer was 855 Orange Ave, LLC. The deal was facilitated by brokers Michael Richetelli, Fred Messore, and Tony Vitti from Colonial Properties.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,300,000
  • Square Footage: 71,500
  • Price per Square Foot: $46
  • Seller: Bart Realty, LLC
  • Buyer: 855 Orange Ave, LLC
  • Brokers: Michael Richetelli, Fred Messore, and Tony Vitti - Colonial Properties

The transaction for this retail property at 855 Boston Post Road in West Haven, CT was successfully completed with the involvement of key individuals and companies. Michael Richetelli, Fred Messore, and Tony Vitti from Colonial Properties represented the buyer and seller in this deal.

Players

Fred Messore

Broker

$7.1M

vol

2 deals

Broker

West Haven 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93