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4600 Main Street

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

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:

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

Broker

$33.7M

vol

7 deals

Broker

Bridgeport School Market Snapshot

Boundary boundary · School · Sale transactions

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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