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Shelton Winair Acquires Industrial Property On Mountain View Dr For $3.05M In Shelton, CT

Property Image
SOLD
$3,050,000

Connecticut

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Industrial31,298 SF
Sold 07/13/2022
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Property Image
SOLD

Shelton Winair Acquires Industrial Property On Mountain View Dr For $3.05M In Shelton, CT

10 Mountain View Drive, Shelton, Connecticut 06484, United States

See Similar Deals
Industrial31,298 SF
Sold 07/13/2022
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Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$97
Total Square Footage:31,298 SF
Transaction Type:Sale

An industrial property located at 10 Mountain View Dr in Shelton, CT, was recently sold for $3,050,000. The property sits on 5.16 acres and spans a total of 31,298 square feet. The sale was facilitated by Bruce Wettenstein of Vidal/Wettenstein, representing the buyer, Shelton Winair.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,050,000
  • Address: 10 Mountain View Dr, Shelton, CT
  • Market: Shelton, CT
  • Asset Type: Industrial
  • Acres: 5.16
  • Buyer: Shelton Winair
  • Broker: Bruce Wettenstein - Vidal/Wettenstein
  • Square Footage: 31,298
  • Price per Square Foot: $96

Bruce Wettenstein, from Vidal/Wettenstein, played a key role as the broker representing Shelton Winair in the sale of this industrial property.

Players

Bruce Wettenstein
7 deals$33.7M volume
BROKER

Details

SOLD
IMAGE: Bruce Wettenstein DATE: 07/13/2022 ADDRESS: 10 Mountain View Dr MARKET: Shelton, CT ASSET TYPE: Industrial ~ ACRES: 5.16 BUYER: Shelton Winair BROKER: Bruce Wettenstein - Vidal/Wettenstein SALE PRICE: $3,050,000 SF: 31,298 ~ PPSF: $96

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$162,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67