Daily limit: 0/10
I2 Systems Acquires 42,000 Sq. Ft. Industrial Facility In Watertown For $2.645M
SOLD
$2,645,000
Connecticut
See Similar DealsIndustrial42,000 SF
Sold 01/24/2025
SOLD
I2 Systems Acquires 42,000 Sq. Ft. Industrial Facility In Watertown For $2.645M
1012 Buckingham Street
See Similar DealsIndustrial42,000 SF
Sold 01/24/2025
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$63
Total Square Footage:42,000 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,397.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,538.65
Annual Debt Service$150,463.79
Is there something missing? Send suggestions