Updated Oct 28, 2024
Capri Capital Management Acquires Industrial Property On Railroad Avenue In Bridgeport For $3M
1525 Railroad Avenue, Bridgeport, Connecticut 06605, United States
$3,000,000
$23/SF
Building Size
129,000 SF
Asset Type
Industrial
Closing
Oct 5, 2022
About this deal
AI
The industrial property located at 1525 Railroad Avenue in Bridgeport, CT has been sold for $3,000,000. The property spans 129,000 square feet, resulting in a price per square foot of $23.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Address: 1525 Railroad Avenue, Bridgeport, CT
- Market: Bridgeport, CT
- Buyer: Capri Capital Management, LLC - Angelo Borrello
- Seller: Bostwick Partners
- Date: 10/06/2022
Capri Capital Management, LLC, represented by Angelo Borrello, acted as the buyer in this transaction. They have plans to develop a Class A self storage facility on the property, encompassing the 129,000 square feet. Capri Capital Management, LLC is actively seeking outdoor storage and self-storage opportunities, encouraging interested parties to send potential deals to [email protected].
Players
Bridgeport Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93