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MIRA Sells Industrial Facility At 211 Murphy Road In Hartford For $12 Million
SOLD
$12,000,000
Connecticut
See Similar DealsIndustrial92,616 SF
Sold 12/17/2024
SOLD
MIRA Sells Industrial Facility At 211 Murphy Road In Hartford For $12 Million
211 Murphy Road
See Similar DealsIndustrial92,616 SF
Sold 12/17/2024
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$129
Total Square Footage:92,616 SF
Transaction Type:Sale
An industrial property located at 211 Murphy Road in Hartford, CT,was sold for $12,000,000. The asset spans 92,616 square feet, translating to a price per square foot of $130.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Address: 211 Murphy Road
- Market: Hartford, CT
- Square Footage: 92,616
- Price Per Square Foot: $130
- Seller: Materials Innovation & Recycling Authority (MIRA)
- Brokerage: O,R&L Commercial
- Brokers: Luke Massirio & Thomas Wilks
The transaction involved the sale of the industrial facility operated by MIRA, which was part of a larger deal that included another facility at 171 Murphy Road. O,R&L Commercial facilitated the transaction, representing the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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