Updated Oct 29, 2024
989 Farmington Ave LLC Acquires Retail Property In Farmington, CT For $1.2M
989 Farmington Avenue, Farmington, CT, USA
$1,200,000
$681/SF
Building Size
1,760 SF
Asset Type
Retail
Closing
Nov 15, 2020
About this deal
AI
Located at 989 Farmington Avenue in Farmington, CT, this retail property was recently sold in a closed transaction. The property features a total area of 1,760 square feet, with a price per square foot of $682. The sale took place on November 16, 2020, and the property was acquired by 989 Farmington Ave LLC.
Summary of transaction details
- Property Type: Retail
- Sale Price: $1,200,000
- Address: 989 Farmington Avenue, Farmington, CT
- Market: Farmington, CT
In this transaction, the seller was Petroleum Marketing Investment, represented by David Kalife. On the buying side, 989 Farmington Ave LLC took ownership of the property. The deal was finalized under the guidance of David Kalife from Petroleum Marketing Investment.
Players
Farmington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Connecticut retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93