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135 North Plains Industrial...

SOLDIndustrial

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

Frank Hird

O,R&L Commercial

Broker

$15.8M

vol

5 deals

Broker

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