Coldwell Banker Commercial Acquires Industrial Property In Milford, CT For $14.9M
SOLD
$14,900,000
Connecticut
See Similar Deals150,000 SF
Sold 08/20/2020
SOLD
Coldwell Banker Commercial Acquires Industrial Property In Milford, CT For $14.9M
75 Cascade Blvd, Milford, CT, USA
See Similar Deals150,000 SF
Sold 08/20/2020
Summary
CONNECTICUT
Price Per Square Foot:$99
Total Square Footage:150,000 SF
Transaction Type:Sale
Located in Milford, CT, the industrial property at 75 Cascade Blvd was recently sold for a total of $14,900,000. This transaction was facilitated by Chris O’Hara from Coldwell Banker Commercial. Spanning across 150,000 square feet, the property achieved a price per square foot of $99.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,900,000
- Address: 75 Cascade Blvd, Milford, CT
- Market: Milford, CT
Chris O’Hara, representing Coldwell Banker Commercial, played a pivotal role in the successful sale of this industrial asset. With its ample space of 150,000 square feet and a price per square foot of $99, this property offered an attractive investment opportunity.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$794,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,936.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,633.60
Annual Debt Service$847,603.22
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