Updated Oct 28, 2024
OSJL Acquires Retail Property In Old Saybrook For $6.7M
901 Boston Post Road, Old Saybrook, CT, USA
$6,700,000
$71/SF
Building Size
94,175 SF
Asset Type
Retail
Closing
Jul 16, 2020
About this deal
AI
A retail property located at 901 Boston Post Rd in Old Saybrook, CT, has been sold for a price of $6,700,000. The property, measuring approximately 94,175 square feet, was acquired by OSJL. The transaction was facilitated by Matt Halprin of New England Retail Properties. The property spans across 8.5 acres and has been sold at a price of $788,235 per acre.
Summary of Transaction Details:
- Property Type: Retail
- Sale Price: $6,700,000
- Square Feet: 94,175
- Address: 901 Boston Post Rd, Old Saybrook, CT
- Market: Old Saybrook, CT
Matt Halprin of New England Retail Properties played a crucial role in representing both the seller, Basser Kaufman Saybrook LLC, and the buyer, OSJL, throughout this transaction.
Players
Old Saybrook 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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93