HK Group Acquires Industrial Property In Orange, CT For $16M
SOLD
$16,000,000
Connecticut
See Similar DealsIndustrial162,036 SF
Sold 03/31/2021
SOLD
HK Group Acquires Industrial Property In Orange, CT For $16M
181 Marsh Hill Road, Orange, CT 06477, USA
See Similar DealsIndustrial162,036 SF
Sold 03/31/2021
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$98
Total Square Footage:162,036 SF
Transaction Type:Sale
A 162,036 square foot industrial property located at 181 Marsh Hill Road in Orange, CT, was recently sold for $16,000,000. The sale took place on March 31, 2021, and the property sits on 15.1 acres. The price per square foot for the transaction was $99, while the price per acre was $1,059,602.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Address: 181 Marsh Hill Road, Orange, CT
- Square Footage: 162,036
- Acres: 15.1
- Price per Square Foot: $99
- Price per Acre: $1,059,602
- Market: Orange, CT
- Brokers: Matthew Keefe & Franco Fellah - HK Group
The transaction was facilitated by brokers Matthew Keefe and Franco Fellah of HK Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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