Horvath & Tremblay Sells Fountain Square Retail Center In Shelton For $30.5M
779 Bridgeport Avenue & 795 Bridgeport Avenue
$30,500,000
$540/SF
Building Size
56,444 SF
Asset Type
Retail
Closing
Jul 7, 2026
AI
The transaction involves a retail asset located at 779 Bridgeport Avenue and 795 Bridgeport Avenue in Shelton, CT. The property consists of 56,444 square feet and spans across 6.11 acres, with a sale price of $30,500,000, equating to a price per square foot of $540.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30,500,000
- Address: 779 Bridgeport Avenue & 795 Bridgeport Avenue
- Market: Shelton, CT
- Asset Size: 56,444 SF
- Price Per Square Foot: $540
- Brokers: Robert Horvath, Todd Tremblay & Matthew Nadler - Horvath & Tremblay
The brokers Robert Horvath, Todd Tremblay, and Matthew Nadler represented the seller and procured the buyer for this transaction involving the fully leased retail center known as Fountain Square.
Players
Avenue Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93