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Bridgeport Industrial Properties Sold For $4.85 Million With Broker Jon Angel Of Angel Commercial
SOLD
$4,850,000
Connecticut
See Similar DealsIndustrial175,556 SF
Sold 07/04/2025
SOLD
Bridgeport Industrial Properties Sold For $4.85 Million With Broker Jon Angel Of Angel Commercial
1730 Commerce Drive & 1832 Commerce Drive
See Similar DealsIndustrial175,556 SF
Sold 07/04/2025
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$27
Total Square Footage:175,556 SF
Transaction Type:Sale
The transaction involved the sale of two investment properties located at 1730 Commerce Drive and 1832 Commerce Drive in Bridgeport, CT. The properties total 3.79 acres and were sold for $4,850,000. This indicates an active interest from investors in the area's commercial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,850,000
- Address: 1730 Commerce Drive & 1832 Commerce Drive
- Market: Bridgeport, CT
- Acres: 3.79
Jon Angel from Angel Commercial represented the transaction, facilitating the deal through his brokerage firm, Angel Commercial, LLC. The successful closing reflects the growing demand for commercial properties in Bridgeport.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$258,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,231.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,991.47
Annual Debt Service$275,897.69
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