CarRite Realty, LLC Acquires Industrial Property In Stratford, CT For $1.5M
SOLD
$1,500,000
Connecticut
See Similar DealsIndustrial19,857 SF
Sold 12/18/2020
SOLD
CarRite Realty, LLC Acquires Industrial Property In Stratford, CT For $1.5M
2095 Barnum Avenue, Stratford, CT, USA
See Similar DealsIndustrial19,857 SF
Sold 12/18/2020
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$75
Total Square Footage:19,857 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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