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Pam Hinton Of Cheyenne Daycare Purchases School In Bridgeport For $1.5M

Property Image
SOLD
$1,500,000
Bruce Wettenstein
George Shawah

Connecticut

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School
Sold 11/08/2024
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Property Image
SOLD

Pam Hinton Of Cheyenne Daycare Purchases School In Bridgeport For $1.5M

4600 Main Street

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School
Sold 11/08/2024
Bruce Wettenstein
George Shawah
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:School
Transaction Type:Sale

The property asset involved in this transaction is a 20,000 sq. ft. school located at 4600 Main Street in Bridgeport, Connecticut. The sale occurred on 11/08/2024 for a price of $1,500,000, translating to a price per square foot of $75.

Summary of transaction details:

This transaction marks Cheyenne Daycare's acquisition of its leased property, reinforcing its existence in the community after being a tenant for seven years. The purpose of the purchase is to enhance capacity for childcare services within the state-accredited facility.

Players

Bruce Wettenstein
Vidal/Wettenstein
Bruce Wettenstein
7 deals$33.7M volume
BROKER
George Shawah
Baldwin Pearson & Co
George Shawah
2 deals$3.1M volume(203) 331-6006
BROKER

Details

SOLD
IMAGE: 11/08/2024 ADDRESS: 4600 Main Street MARKET: Bridgeport, Ct ASSET TYPE: School BUYER: Pam Hinton - Cheyenne Daycare SELLER: 4600 Main St., LLC BUYER'S REP: George Shawah - Baldwin Pearson & Co SELLER'S REP: Bruce Wettenstein - Vidal/Wettenstein SALE PRICE: $1,500,000 SF: 20,000 ~ PPSF: $75 NOTE: Cheyenne Daycare, led by founder Pam Hinton, purchased its 20,000 sq. ft. leased property at 4600 Main St. for $1.5 million, solidifying its presence after seven years as a tenant. The acquisition will support expanded capacity to meet community childcare needs in a NAEYC-accredited facility.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18