CarRite Realty, LLC Acquires Industrial Property In Stratford, CT For $1.5M
2095 Barnum Avenue, Stratford, CT, USA
$1,500,000
$75/SF
Building Size
19,857 SF
Asset Type
Industrial
Closing
Dec 17, 2020
AI
The industrial property located at 2095 Barnum Avenue in Stratford, CT has recently been sold. The sale took place on 12/18/2020, with a transaction price of $1,500,000. The property spans a total area of 19,857 square feet, resulting in a price per square foot of $76. The seller of the property was PFP LLC, while the buyer was CarRite Realty, LLC.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Address: 2095 Barnum Avenue, Stratford, CT
- Market: Stratford, CT
The sale was facilitated by Chris O'Hara from Coldwell Banker Commercial NRT Inc., who represented the buyer in the transaction. Chris O'Hara served as the broker for CarRite Realty, LLC.
Players
Stratford 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93