Tory Laundry Building LLC Acquires Industrial Property In Wallingford, CT For $1.1M
135 North Plains Industrial Road, Wallingford, CT 06492, USA
$1,100,000
$51/SF
Building Size
21,177 SF
Asset Type
Industrial
Closing
Feb 18, 2021
AI
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
Wallingford 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93