Northbridge Commercial Real Estate Acquires Industrial Property In Windsor, CT For $57M
SOLD
$57,000,000
Connecticut
See Similar DealsIndustrial491 SF
Sold 12/29/2022
SOLD
Northbridge Commercial Real Estate Acquires Industrial Property In Windsor, CT For $57M
1190 Kennedy Road, Windsor, Connecticut 06095, United States
See Similar DealsIndustrial491 SF
Sold 12/29/2022
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$116,089
Total Square Footage:491 SF
Transaction Type:Sale
The industrial property located at 1190 Kennedy Road & 451 Hayden Station Road in Windsor, CT has been sold. The transaction was completed on 12/29/2022.
Summary of transation details:
- Property Type: Industrial
- Sale Price: $57,000,000
- Square Footage: 491,810 SF
- Price per Square Foot: $116
- Address: 1190 Kennedy Road & 451 Hayden Station Road, Windsor, CT
- Market: Windsor, CT
The buyer of the property is Northbridge Commercial Real Estate, while the seller is Scannell Properties - Robert Scannell. The transaction was facilitated by Cushman & Wakefield.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,040,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$202,508.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$270,209.08
Annual Debt Service$3,242,508.96
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