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O,R&L Commercial Facilitates $1.6M Sale Of Industrial Building In Cheshire, CT

Property Image
SOLD
$1,600,000

Connecticut

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Industrial25,320 SF
Sold 11/10/2023
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Property Image
SOLD

O,R&L Commercial Facilitates $1.6M Sale Of Industrial Building In Cheshire, CT

1187 Highland Avenue

See Similar Deals
Industrial25,320 SF
Sold 11/10/2023
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Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$63
Total Square Footage:25,320 SF
Transaction Type:Sale

A 25,320-square-foot industrial building located at 1187 Highland Avenue in Cheshire, Connecticut has been sold for $1.6 million. The property is situated between Hartford and New Haven, making it an ideal location for industrial purposes. The transaction was orchestrated by O,R&L Commercial, a real estate firm based in Connecticut.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,600,000
  • Address: 1187 Highland Avenue, Cheshire, CT
  • Market: Cheshire, CT
  • Acres: 2.3
  • Buyer: Don DeVivo - Dattco Inc
  • Seller: Marshall Enterprises
  • Brokers: J. Richard Lee & William Braun - O,R&L Commercial
  • Square Footage: 25,320
  • Price per Square Foot: $63

Dattco Inc, represented by Don DeVivo, acquired the property from Marshall Enterprises. The deal was facilitated by brokers J. Richard Lee and William Braun, who work for O,R&L Commercial.

During the transaction, O,R&L Commercial played a key role in ensuring the successful sale of the industrial building. Located in Cheshire, Connecticut, the property offers significant potential for industrial business operations, positioned between two major cities in the state. This strategic location adds to its appeal and market value.

Players

J. Richard "Rich" Lee
2 deals$18.7M volume
BROKER

William (Will) Braun
O,R&L Commercial
4 deals$11.9M volume(203) 804-6001
BROKER

Details

SOLD
IMAGE: J. Richard Lee, Don DeVivo & William Braun DATE: 11/10/2023 ADDRESS: 1187 Highland Avenue MARKET: Cheshire, CT ASSET TYPE: Industrial ~ ACRES: 2.3 BUYER: Don DeVivo - Dattco Inc SELLER: Marshall Enterprises BROKERS: J. Richard Lee & William Braun - O,R&L Commercial SALE PRICE: $1,600,000 SF: 25,320 ~ PPSF: $63 NOTE: ,R&L Commercial orchestrated the $1.6 million sale of a 25,320-square-foot industrial building in Cheshire, Connecticut, positioned between Hartford and New Haven.

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

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80