Updated Dec 21, 2023
DeForest Smith Acquires Retail Property In Milford, CT For $2.8M
990 Boston Post Road, Milford, Connecticut 06460, United States
$2,800,000
Building Size
—
Asset Type
Retail
Closing
Aug 25, 2022
About this deal
AI
Located at 990 Boston Post Rd in Milford, CT, a retail property has been sold for $2,800,000. The sale took place on August 26, 2022. DeForest Smith, CCIM, SIOR from George J. Smith & Son Commercial & Investment Real Estate represented the transaction as the broker.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,800,000
- Address: 990 Boston Post Rd, Milford, CT
- Market: Milford, CT
- Broker: DeForest Smith, CCIM, SIOR - George J. Smith & Son Commercial & Investment Real Estate
The sale of the retail property at 990 Boston Post Rd was facilitated by DeForest Smith, CCIM, SIOR from George J. Smith & Son Commercial & Investment Real Estate. The property's characteristics and other details were not provided.
Players
Milford Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93