1530 Management Acquires Industrial Properties In Stamford, CT For $5.5M With Buyer's Rep Jeff Kintzer & Seller's Rep Cody Nizzardo
SOLD
$5,500,000
Connecticut
See Similar DealsIndustrial
Sold 02/18/2022
SOLD
1530 Management Acquires Industrial Properties In Stamford, CT For $5.5M With Buyer's Rep Jeff Kintzer & Seller's Rep Cody Nizzardo
0 Irving Avenue, Stamford, Connecticut 06902, United States
See Similar DealsIndustrial
Sold 02/18/2022
Summary
CONNECTICUT
Asset Type:Industrial
Transaction Type:Sale
Five industrial properties located at 0, 17, 18, 25 & 43 Irving Avenue, and 145 Selleck Street in Stamford, CT have been sold in a recent transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,500,000
1530 Management, LLC is the buyer of these properties. The buyer was represented by Jeff Kintzer from Royal Properties, Inc. The seller's representative in this deal was Cody Nizzardo from Nizzardo Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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