Updated Oct 28, 2024
Urstadt Biddle Acquires Retail Property In Shelton, CT For $33.6M
858 Bridgeport Avenue, Shelton, Connecticut 06484, United States
$33,600,000
$180/SF
Building Size
186,000 SF
Asset Type
Retail
Closing
Feb 8, 2022
About this deal
AI
The retail property located at 858-902 Bridgeport Ave in Shelton, CT has been sold for a price of $33,600,000. The transaction took place on February 9, 2022. The property spans an area of 186,000 square feet, resulting in a price per square foot of $181. The buyer of the property is Urstadt Biddle Properties Inc, represented by Willing L. Biddle.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $33,600,000
- Address: 858-902 Bridgeport Ave, Shelton, CT
- Market: Shelton, CT
- Buyer: Urstadt Biddle Properties Inc - Willing L. Biddle
Willing L. Biddle from Urstadt Biddle Properties Inc played a vital role in this transaction as the buyer's representative. The deal signifies a significant investment in the retail market in Shelton, CT, and highlights the confidence placed by the buyer in the potential of this property.
On the Map
$33,600,000
$180/SF
Retail
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Players
Shelton 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93