facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Connecticut

/

Industrial

/

Sale

/

1187 Highland Avenue

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

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

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.

Players

J. Richard Lee

O,R&L Commercial

Broker

$18.7M

vol

2 deals

Broker

Cheshire Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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