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
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