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200 Old Iron Ore Road Winds...

Updated Oct 29, 2024

Winstanley Enterprises Acquires Windsor Industrial Property For $122.3M
SOLDIndustrial

Winstanley Enterprises Acquires Windsor Industrial Property For $122.3M

200 Old Iron Ore Road Windsor, Connecticut 06095, USA

$122,300,000

$122/SF

Building Size

1,000,000 SF

Asset Type

Industrial

Closing

Aug 21, 2023

About this deal

AI

Winstanley Enterprises has acquired an industrial property located at 200 Old Iron Ore Road in Windsor, CT. The property spans across 89.5 acres and features a million-square-foot distribution center, which currently houses an Amazon fulfillment center. The transaction was completed on August 21, 2023, for a sale price of $122.3 million. The price per square foot for this acquisition is $122.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $122,300,000
  • Address: 200 Old Iron Ore Road, Windsor, CT
  • Market: Windsor, CT
  • Acres: 89.5
  • SF: 1,000,000
  • PPSF: $122

Winstanley Enterprises, a prominent player in the real estate industry, successfully completed this transaction. Their acquisition of the distribution center signifies their expansion into the industrial sector. The addition of the Amazon fulfillment center to their portfolio will enhance their presence in the logistics and e-commerce market. This deal highlights Winstanley Enterprises' commitment to strategic investments and further strengthens their position in the Windsor, CT market.

Players

WE
Winstanley EnterprisesBuyer

Windsor Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $122 per square foot on a published $122.3M for 1,000,000 square feet (2023).

Browse Connecticut industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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