Updated Dec 4, 2024
O,R&L Commercial Facilitates $1.6M Sale Of Industrial Building In Cheshire, CT
1187 Highland Avenue
$1,600,000
$63/SF
Building Size
25,320 SF
Asset Type
Industrial
Closing
Nov 10, 2023
About this deal
AI
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.
On the Map
$1,600,000
$63/SF
Industrial
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Players
Cheshire 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93