Updated Dec 4, 2024
Saugatuck Commercial Real Estate Brokers $6M Industrial Sale Of 71K SF Property In Bethel
11 Durant Avenue
$6,000,000
$84/SF
Building Size
71,000 SF
Asset Type
Industrial
Closing
Oct 20, 2023
About this deal
AI
A 71,000 square foot fully leased industrial property located at 11 Durant Avenue in Bethel, CT has been sold for $6 million. The property was represented by Dan Neaton of Saugatuck Commercial Real Estate (SCRE).
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Address: 11 Durant Avenue, Bethel, CT
- Market: Bethel, CT
- SF: 71,000
- PPSF: $85
Dan Neaton of SCRE played a significant role as the representative for the seller in this transaction. The deal involved the sale of a fully leased industrial property, providing a valuable investment opportunity.
Bethel 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93