Criterion Group Acquires Industrial Property On Wheeler Street In New Haven, CT For $21.4M
SOLD
$21,437,000
Connecticut
See Similar DealsIndustrial135,000 SF
Sold 01/21/2022
SOLD
Criterion Group Acquires Industrial Property On Wheeler Street In New Haven, CT For $21.4M
102 Wheeler St, New Haven, Connecticut 06512, United States
See Similar DealsIndustrial135,000 SF
Sold 01/21/2022
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$158
Total Square Footage:135,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,143,306.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,161.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,622.32
Annual Debt Service$1,219,467.80
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