Coldwell Banker Commercial Acquires Industrial Property In Milford, CT For $14.9M
75 Cascade Blvd, Milford, CT, USA
$14,900,000
$99/SF
Building Size
150,000 SF
Asset Type
—
Closing
Aug 20, 2020
AI
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.
Players
Milford 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93