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
Suffield 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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93