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10 Mountain View Drive, She...

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

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

$33.7M

vol

7 deals

Broker

Shelton Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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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