MIRA Sells Industrial Facility At 211 Murphy Road In Hartford For $12 Million
211 Murphy Road
$12,000,000
$129/SF
Building Size
92,616 SF
Asset Type
Industrial
Closing
Dec 17, 2024
AI
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.
Players
Hartford 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93