Updated Oct 28, 2024
Lordship Land LLC Acquires 14.2 Acres Of Land In Stratford, CT For $10.6M
775 Lordship Boulevard, Stratford, Connecticut 06615, United States
$10,600,000
Building Size
—
Asset Type
—
Closing
Feb 2, 2022
About this deal
AI
The property involved in the transaction is a land located at 775 & 975 Lordship Blvd in Stratford, CT. The land spans an area of approximately 14.2 acres. The transaction took place on 2/03/2022.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $10,600,000
- Address: 775 & 975 Lordship Blvd, Stratford, CT
- Market: Stratford, CT
- Buyer: Lordship Land LLC
- Seller: Stratford Land Development Co. Ltd. Partnership
- Broker: Jon Angel - Angel Commercial LLC
Jon Angel from Angel Commercial LLC represented the buyer, Lordship Land LLC, in this transaction.
On the Map
$10,600,000
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Players
Stratford 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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93