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Saugatuck Commercial Real Estate Brokers $6M Industrial Sale Of 71K SF Property In Bethel
SOLD
$6,000,000
Connecticut
See Similar DealsIndustrial71,000 SF
Sold 10/20/2023
SOLD
Saugatuck Commercial Real Estate Brokers $6M Industrial Sale Of 71K SF Property In Bethel
11 Durant Avenue
See Similar DealsIndustrial71,000 SF
Sold 10/20/2023
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$84
Total Square Footage:71,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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