Ultimate Realty Acquires South Windsor Last Mile Distribution Facility For $5.74M
1640 John Fitch Blvd, South Windsor, CT 06074, USA
$5,740,000
Building Size
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Asset Type
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Closing
Oct 8, 2020
AI
An industrial last mile distribution facility located at 1640 John Fitch Blvd in South Windsor, Connecticut has been sold for a total price of $5,740,000. The property spans 260,000 square feet, resulting in a price per square foot of $22. The transaction reflects a capitalization rate of 8.7%.
Summary of transaction details
- Property Type: Industrial ~ Last Mile Distribution Facility
- Sale Price: $5,740,000
- Square Footage: 260,000
- Price Per Square Foot: $22
Ultimate Realty, represented by Mark Sabbagh and Michael Sabbagh, acted as the buyer in this deal. The seller of the property was Cohen Properties.
Players
South Windsor CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93