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NorthPoint Development Acquires Warehouse Facility At 105 Baker Hollow Road For $25.3M

Property Image
SOLD
$25,300,000
David Coffman
Michael (Mike) Restivo
Tommy (Tom) Hovey

Connecticut

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Industrial165,625 SF
Sold 06/04/2025
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Property Image
SOLD

NorthPoint Development Acquires Warehouse Facility At 105 Baker Hollow Road For $25.3M

105 Baker Hollow Road

See Similar Deals
Industrial165,625 SF
Sold 06/04/2025
David Coffman
Michael (Mike) Restivo
Tommy (Tom) Hovey
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$152
Total Square Footage:165,625 SF
Transaction Type:Sale

A 165,625-square-foot industrial warehouse facility located at 105 Baker Hollow Road in Windsor, CT was sold for $25,300,000. The asset, fully leased to Safelite, is noted for its modern logistics amenities and strong regional connectivity, designed to serve a significant distribution hub catering to 41 million people within a four-hour drive.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $25,300,000
  • Address: 105 Baker Hollow Road
  • Market: Windsor, CT
  • Square Footage: 165,625
  • Price Per Square Foot: $153
  • Buyer: Nathaniel Hagedorn - NorthPoint Development
  • Seller: Jeffrey O'Neill - Condyne Capital Partners
  • Brokers: David Coffman, Michael Restivo & Tommy Hovey - JLL

JLL Capital Markets facilitated the transaction, representing the sale of the property. The involvement of NorthPoint Development highlights their interest in acquiring properties with strong leasing potential within logistics-oriented markets.

Players

Michael (Mike) Restivo
JLL
Michael Restivo
29 deals$523.4M volume
BROKER
David Coffman
JLL
David Coffman
15 deals$308.2M volume
BROKER
Tommy (Tom) Hovey
JLL
Tommy Hovey
9 deals$125.7M volume(860) 944-3851
BROKER
Tommy (Tom) Hovey
JLL
Tommy Hovey
9 deals$125.7M volume(860) 944-3851
BROKER
ND
NorthPoint Development
BUYER
CP
Condyne Capital Partners
SELLER

Details

SOLD
IMAGE: Nathaniel Hagedorn, Jeffrey O'Neill, David Coffman, Michael Restivo & Tommy Hovey DATE: 06/04/2025 ADDRESS: 105 Baker Hollow Road MARKET: Windsor, CT ASSET TYPE: Industrial BUYER: Nathaniel Hagedorn - NorthPoint Development SELLER: Jeffrey O'Neill - Condyne Capital Partners (@CondyneCapitalPartnersLLC) BROKERS: David Coffman, Michael Restivo & Tommy Hovey - JLL (@JLL) SALE PRICE: $25,300,000 SF: 165,625 ~ PPSF: $153 NOTE: JLL Capital Markets secured the $25.3 million sale of a 165,625-square-foot warehouse facility at 105 Baker Hollow Road in Windsor, CT, fully leased to Safelite. NorthPoint Development acquired the Class A property, which features modern logistics amenities and strong regional connectivity to serve a distribution hub of 41 million people within a four-hour drive.

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

$1,349,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$89,885.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$119,934.91
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