Lordship Land LLC Acquires 14.2 Acres Of Land In Stratford, CT For $10.6M
SOLD
$10,600,000
Connecticut
See Similar DealsSold 02/03/2022
SOLD
Lordship Land LLC Acquires 14.2 Acres Of Land In Stratford, CT For $10.6M
775 Lordship Boulevard, Stratford, Connecticut 06615, United States
See Similar DealsSold 02/03/2022
Summary
CONNECTICUT
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$565,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,659.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,249.41
Annual Debt Service$602,992.89
Is there something missing? Send suggestions