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Tory Laundry Building LLC Acquires Industrial Property In Wallingford, CT For $1.1M

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Frank HirdAdam Gregg

$1,100,000

SOLD
$1,100,000

Connecticut

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Industrial21,177 SF
Sold 02/19/2021
the dealplayerscompscontact
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Frank HirdAdam Gregg

$1,100,000

SOLD

Tory Laundry Building LLC Acquires Industrial Property In Wallingford, CT For $1.1M

135 North Plains Industrial Road, Wallingford, CT 06492, USA

See Similar Deals
Industrial21,177 SF
Sold 02/19/2021
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Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$51
Total Square Footage:21,177 SF
Transaction Type:Sale

The asset involved in this transaction is an industrial property located at 135 North Plains Industrial Road in Wallingford, CT. The sale was finalized with a transaction amount of $1,100,000. It comprises a total area of 21,177 square feet, situated on a plot of 2.43 acres. The price per square foot for this transaction stands at $52, and the price per acre is $452,675.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,100,000
  • Address: 135 North Plains Industrial Road
  • Market: Wallingford, CT
  • Square Footage: 21,177
  • Acres: 2.43
  • Price per Square Foot: $52
  • Price per Acre: $452,675
  • Seller: UPC Realty, LLC
  • Buyer: Tory Laundry Building LLC
  • Brokers: Frank Hird & Adam Gregg - O,R&L Commercial, LLC

In this transaction, the seller was represented by UPC Realty, LLC, while the buyer, Tory Laundry Building LLC, was also involved in the deal, emphasizing the collaboration between distinct entities in the industrial property sector. The brokers handling the transaction were Frank Hird and Adam Gregg from O,R&L Commercial, LLC, showcasing their involvement in facilitating this sale.

Players

Frank Hird
5 deals$15.8M volume
BROKER

Adam Gregg
O,R&L Commercial
2 deals$2.6M volume
BROKER

Details

SOLD
IMAGE: Frank Hird DATE: 02/19/2021 ADDRESS: 135 North Plains Industrial Road MARKET: Wallingford, CT ASSET TYPE: Industrial SELLER: UPC Realty, LLC BUYER: Tory Laundry Building LLC BROKERS: Frank Hird & Adam Gregg - O,R&L Commercial, LLC SALE PRICE: $1,100,000 SF: 21,177 ~ PPSF: $52 ACRES: 2.43 ~ PPA: $452,675

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

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73