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1859 Commerce Drive

Yury Berson Acquires Industrial Warehouse From Theodore & Eleanor Bresky For $1.6M
SOLDIndustrial

Yury Berson Acquires Industrial Warehouse From Theodore & Eleanor Bresky For $1.6M

1859 Commerce Drive

$1,600,000

$67/SF

Building Size

23,652 SF

Asset Type

Industrial

Closing

Apr 19, 2024

AI

An industrial warehouse located at 1859 Commerce Drive in Bridgeport, CT, has been sold for $1.6 million. The property spans 23,652 square feet and was acquired by Yury Berson from Theodore and Eleanor Bresky. The transaction was facilitated by Jon Angel of Angel Commercial.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,600,000
  • SF: 23,652
  • PPSF: $68
  • Address: 1859 Commerce Drive
  • Market: Bridgeport, CT

Jon Angel of Angel Commercial played a pivotal role as the broker, representing both the buyer, Yury Berson, and the sellers, Theodore and Eleanor Bresky, in the successful sale of the industrial warehouse. The transaction marks a significant change in ownership of the property, benefiting both parties involved in the deal.

Players

Jon Angel

Angel Commercial

Broker

$46.5M

vol

13 deals

Broker

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93