DG One Parrott Shelton, LLC Acquires Industrial Property In Shelton, CT For $9M
SOLD
$9,000,000
Connecticut
See Similar DealsIndustrial102,000 SF
Sold 01/20/2022
SOLD
DG One Parrott Shelton, LLC Acquires Industrial Property In Shelton, CT For $9M
1 Parrott Drive, Shelton, Connecticut 06484, United States
See Similar DealsIndustrial102,000 SF
Sold 01/20/2022
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$88
Total Square Footage:102,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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