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1012 Buckingham Street

I2 Systems Acquires 42,000 Sq. Ft. Industrial Facility In Watertown For $2.645M
SOLDIndustrial

I2 Systems Acquires 42,000 Sq. Ft. Industrial Facility In Watertown For $2.645M

1012 Buckingham Street

$2,645,000

$63/SF

Building Size

42,000 SF

Asset Type

Industrial

Closing

Jan 24, 2025

AI

The industrial facility located at 1012 Buckingham Street in Watertown, CT, has a total square footage of 42,000 and was sold for $2,645,000. The property spans six acres within the Watertown Industrial area and was previously occupied by Prime Engineered Components, Inc.

Summary of transaction details:

Ed Godin Jr. of Godin Property Brokers played a key role in facilitating the transaction, representing the buyer, i2 Systems, which specializes in high-end lighting manufacturing. Shawn McMahon of JLL represented the seller throughout the sales process.

Players

Shawn McMahon

JLL

Broker

$17.1M

vol

2 deals

Broker

Watertown 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

6.00%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93