The Seyon Group Secures $28.1M Acquisition Loan From Northwest Bank For Industrial Asset In East Hartford
25 Prestige Park Circle
$28,105,000
$65/SF
Building Size
430,000 SF
Asset Type
Industrial
Closing
Jul 20, 2026
AI
The property asset involved in this transaction is an industrial type located at 25 Prestige Park Circle in East Hartford, CT. It encompasses a total square footage of 430,000. The loan amount secured for this acquisition is $28,105,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28,105,000
- Address: 25 Prestige Park Circle
- Market: East Hartford, CT
- Lender: Northwest Bank
- Borrower: The Seyon Group
- Landlord's Rep: Timothy O'Donnell, Max Ralby & Conor Reenstierna - Newmark
- Loan Type: Acquisition
This transaction involves key individuals and representatives from various companies. The Seyon Group serves as the borrower in this deal, while the lender is Northwest Bank. The landlord's representation is managed by Timothy O'Donnell, Max Ralby, and Conor Reenstierna from the agency Newmark.
Players
East Hartford Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93