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102 Wheeler St, New Haven, ...

Criterion Group Acquires Industrial Property On Wheeler Street In New Haven, CT For $21.4M
SOLDIndustrial

Criterion Group Acquires Industrial Property On Wheeler Street In New Haven, CT For $21.4M

102 Wheeler St, New Haven, Connecticut 06512, United States

$21,437,000

$158/SF

Building Size

135,000 SF

Asset Type

Industrial

Closing

Jan 20, 2022

AI

The industrial property located at 100 & 102 Wheeler Street in New Haven, CT was recently sold in a transaction. Spanning across 135,000 square feet, the property was acquired by Criterion Group for a sale price of $21,437,000. The price per square foot was determined to be $158.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $21,437,000
  • Address: 100 & 102 Wheeler Street, New Haven, CT
  • Market: New Haven, CT

Ronald Esposito acted as the seller in this transaction, while Ryan Rapoport and Kyler Bean from Matthews Real Estate Investment Services served as the brokers representing both the buyer and the seller.

Players

Kyler Bean

Matthews

Broker

$25.1M

vol

3 deals

Broker
Shibber A Khan

Shibber A Khan

Criterion Group

Buyer

$159.5M

vol

6 deals

Buyer

Waterbury 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

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93