Mercantile Development, Inc Acquires Industrial Property In Shelton, CT For $2M
SOLD
$2,000,000
Connecticut
See Similar DealsIndustrial138,448 SF
Sold 11/19/2021
SOLD
Mercantile Development, Inc Acquires Industrial Property In Shelton, CT For $2M
10 Waterview Drive, Shelton, CT, USA
See Similar DealsIndustrial138,448 SF
Sold 11/19/2021
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$14
Total Square Footage:138,448 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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