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B&D Holdings Acquires Industrial Asset For $12M With Broker James McNerney In Manchester CT

Property Image
SOLD
$12,000,000
David Coffman
Michael (Mike) Restivo
+ 4

Connecticut

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Industrial190,000 SF
Sold 04/10/2025
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Property Image
SOLD

B&D Holdings Acquires Industrial Asset For $12M With Broker James McNerney In Manchester CT

100 Sanrico Drive

See Similar Deals
Industrial190,000 SF
Sold 04/10/2025
David Coffman
Michael (Mike) Restivo
+ 4
Contact now

Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$63
Total Square Footage:190,000 SF
Transaction Type:Sale

The asset involved in this transaction is an industrial property located at 100 Sanrico Drive in Manchester, CT. The sale was completed for a total amount of $12,000,000. The property encompasses 190,000 square feet, resulting in a price per square foot of $63.

Summary of transaction details:

The buyer, B&D Holdings, is actively pursuing industrial acquisitions in the northeast and throughout the country. The representatives for the seller consist of a team from JLL, providing comprehensive support in facilitating this transaction.

Players

Michael (Mike) Restivo
29 deals$523.4M volume
BROKER

David Coffman
JLL
15 deals$308.2M volume
BROKER

James McNerney
5 deals$65.8M volume(201) 615-0762
BROKER

Alison (Ali) Howard
JLL
4 deals$200.5M volume
BROKER

Jack Shulman
B&D Holdings
12 deals$199.2M volume
BUYER

Martin Segal
B&D Holdings
14 deals$154.7M volume
BUYER

Details

SOLD
IMAGE: Martin Segal, Rob Logan, Jack Shulman, Alison Howard, Michael Restivo, David Coffman & James McNerney DATE: 04/10/2025 ADDRESS: 100 Sanrico Drive MARKET: Manchester, CT ASSET TYPE: Industrial BUYER: Martin Segal (@Martin_J_Segal), Rob Logan & Jack Shulman - B&D Holdings SELLER: SkyREM BUYER'S REP: James McNerney - Silver Edge Real Estate SELLER'S REP: Alison Howard, Michael Restivo & David Coffman - JLL (@JLL) SALE PRICE: $12,000,000 SF: 190,000 ~ PPSF: $63 NOTE FROM BUYER: B&D Holdings is actively looking for industrial acquisitions in the northeast and around the country.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$640,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47