Pam Hinton Of Cheyenne Daycare Purchases School In Bridgeport For $1.5M
4600 Main Street
$1,500,000
Building Size
—
Asset Type
School
Closing
Nov 8, 2024
AI
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:
- Property Type: School
- Transaction Amount: $1,500,000
- Address: 4600 Main Street
- Market: Bridgeport, Ct
- Square Footage: 20,000
- Price per Square Foot: $75
- Buyer: Pam Hinton - Cheyenne Daycare
- Seller: 4600 Main St., LLC
- Buyer's Representative: George Shawah - Baldwin Pearson & Co
- Seller's Representative: Bruce Wettenstein - Vidal/Wettenstein
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
Bridgeport School Market Snapshot
Boundary boundary · School · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93