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100 Marketing Drive, Suffie...

Marketing Research Park Sells Suffield, CT Industrial Property For $10.6M With Amodio & Co. Real Estate
SOLDIndustrial

Marketing Research Park Sells Suffield, CT Industrial Property For $10.6M With Amodio & Co. Real Estate

100 Marketing Drive, Suffield, CT, USA

$10,600,000

$5/SF

Building Size

2,000,000 SF

Asset Type

Industrial

Closing

Apr 6, 2021

AI

The industrial property located at 100 Marketing Drive in Suffield, CT has been sold for a price of $10,600,000. The property spans a total area of 200,000 square feet and was purchased at a rate of $53 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $10,600,000
  • Address: 100 Marketing Drive, Suffield, CT
  • Market: Suffield, CT
  • Seller: Marketing Research Park
  • Broker: Frank Amodio & Eric Amodio - Amodio & Co. Real Estate

The sale of the property was facilitated by Frank Amodio and Eric Amodio from Amodio & Co. Real Estate. The transaction was completed on 04/07/2021, and the property was acquired by the buyer, Marketing Research Park.

Players

Frank Amodio

Broker

$18.3M

vol

3 deals

Broker

Suffield Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.50%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93