SOLDRetail
NYC Buyer Michael Baccellieri Purchases Newly Constructed Wendy's For $2.27M
$2,271,379
$757/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
May 16, 2024
AI
A newly constructed Wendy's in Bridgeport, CT was recently sold for $2,271,379, spanning across 3,000 square feet and fetching a price per square foot of $757.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,271,379
- Buyer: Michael Baccellieri
- Brokers: Haley Hasho, Justin Conway, Andrew Eden, and Wendys - Exodus Capital
- Market: Bridgeport, CT
The sale was brokered by Haley Hasho, Justin Conway, Andrew Eden, and Wendys of Exodus Capital, facilitating the transaction for the NYC buyer who acquired the property at a 5.7% return.
Players
Market 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
6.98%
Cash-on-Cash
-2.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93