Updated Oct 29, 2024
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
Windsor 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93