Updated Oct 28, 2024
Mercantile Development, Inc Acquires Industrial Property In Shelton, CT For $2M
10 Waterview Drive, Shelton, CT, USA
$2,000,000
$14/SF
Building Size
138,448 SF
Asset Type
Industrial
Closing
Nov 19, 2021
About this deal
AI
Located at 10 Waterview Drive in Shelton, CT, this industrial property spans across 11.47 acres. The property has been recently sold on November 19, 2021.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $2,000,000
- Address: 10 Waterview Drive, Shelton, CT
- Market: Shelton, CT
Mercantile Development, Inc has acquired this property for a price of $2,000,000. The transaction was facilitated by Chris O'Hara from Coldwell Banker Commercial.
The industrial sale at 10 Waterview Drive, Shelton, CT, USA in Shelton, Connecticut sold for $2M in 2021. The building is 138,448 square feet, implying about 14 per square foot on the published price. Named participants on the 10 Waterview Drive, Shelton, CT, USA sale are Chris OHara. This page is the Shelton, Connecticut file for the 10 Waterview Drive, Shelton, CT, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Shelton sit in the Market section below. Filter that Shelton industrial set by closing date to see what else sold near 10 Waterview Drive, Shelton, CT, USA around 2021. Published consideration for 10 Waterview Drive, Shelton, CT, USA is $2M, dated 2021. Cite this Mercantile Development, Inc Acquires Industrial Property In Shelton, CT For $2M sale when underwriting similar industrial product around Shelton, Connecticut.
Players
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93