Updated Sep 5, 2024
NNN Pro Group - Marcus & Millichap Acquires Retail Property In Enfield, CT For $3.03M
90 Elm Street, Enfield, CT, USA
$3,030,303
$1,329/SF
Building Size
2,280 SF
Asset Type
Retail
Closing
Jun 15, 2020
About this deal
AI
A retail property located at 90 Elm Street in Enfield, CT was recently sold. The transaction took place on June 15, 2021, with a sale price of $3,030,303. The property spans 2,280 square feet, resulting in a price per square foot of $1,329. The cap rate for this retail asset is 4.95%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,030,303
- Address: 90 Elm Street, Enfield, CT
- Market: Enfield, CT
- Square Footage: 2,280
- Price per Square Foot: $1,329
- Cap Rate: 4.95%
Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from NNN Pro Group - Marcus & Millichap were the brokers representing the parties involved in the deal.
Players
Enfield 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
5.23%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93