Glen Park Capital Partners LLC Acquires Commercial Property In Trumbull, CT For $4.4M
SOLD
$4,400,000
Connecticut
See Similar DealsCommercial57,234 SF
Sold 08/04/2022
SOLD
Glen Park Capital Partners LLC Acquires Commercial Property In Trumbull, CT For $4.4M
205 Spring Hill Rd, Trumbull, CT 06611
See Similar DealsCommercial57,234 SF
Sold 08/04/2022
Summary
CONNECTICUT
Asset Type:Commercial
Price Per Square Foot:$76
Total Square Footage:57,234 SF
Transaction Type:Sale
The commercial property located at 205 Spring Hill Rd in Trumbull, CT has been sold for a price of $4,400,000. The property spans across 57,234 square feet, resulting in a price per square foot of $77. The transaction took place on 08/04/2022.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $4,400,000
- Address: 205 Spring Hill Rd
- Market: Trumbull, CT
Glen Park Capital Partners LLC, represented by Gary Tress, acquired the property from Trumbull Printing. The brokers involved in the deal were Sean Cahill and Judd McArthur from Avison Young.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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