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10 Mountain View Drive, She...

Updated Sep 9, 2024

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

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

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

$3,050,000

$97/SF

Building Size

31,298 SF

Asset Type

Industrial

Closing

Jul 12, 2022

About this deal

AI

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

Vidal/Wettenstein

Broker

$40.3M

vol

8 deals

Broker

Shelton Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $97 per square foot on a published $3.1M for 31,298 square feet (2022).

Visit Bruce Wettenstein to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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