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:
- Property Type: Industrial
- Transaction Amount: $2,645,000
- Sale Date: 01/24/2025
- Buyer: i2 Systems
- Buyer's Representative: Ed Godin Jr - Godin Property Brokers
- Seller's Representative: Shawn McMahon - JLL
- Price Per Square Foot: $63
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
Watertown 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
6.00%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93