DG One Parrott Shelton, LLC Acquires Industrial Property In Shelton, CT For $9M
1 Parrott Drive, Shelton, Connecticut 06484, United States
$9,000,000
$88/SF
Building Size
102,000 SF
Asset Type
Industrial
Closing
Jan 19, 2022
AI
The industrial property located at 1 Parrot Dr in Shelton, CT has been sold for a price of $9,000,000. The property spans across 102,000 square feet and was acquired by DG One Parrott Shelton, LLC from Cambridge Hanover. The transaction was facilitated by Sean Cahill & Will Suarez from Avison Young.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Square Footage: 102,000
- Address: 1 Parrot Dr, Shelton, CT
- Market: Shelton, CT
Sean Cahill & Will Suarez from Avison Young represented the buyer and seller in the deal, showcasing their expertise in the industrial property market in Shelton, CT.
Players
Shelton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93