Shelton Winair Acquires Industrial Property On Mountain View Dr For $3.05M In Shelton, CT
SOLD
$3,050,000
Connecticut
See Similar DealsIndustrial31,298 SF
Sold 07/13/2022
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 DealsIndustrial31,298 SF
Sold 07/13/2022
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.
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Deal Type
30 years
10 years
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
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