Updated Dec 19, 2023
HK Group Acquires Industrial Property In Orange, CT For $16M
181 Marsh Hill Road, Orange, CT 06477, USA
$16,000,000
$98/SF
Building Size
162,036 SF
Asset Type
Industrial
Closing
Mar 30, 2021
About this deal
AI
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.
Players
Orange 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93