Adrian Edery & Brightpoint Investment Group Acquire Industrial Property In Enfield For $6.9M
215 Moody Road, Enfield, Connecticut 06082, United States
$6,937,500
$41/SF
Building Size
167,000 SF
Asset Type
Industrial
Closing
Apr 6, 2022
AI
An industrial property located at 215 Moody Rd in Enfield, CT has been sold. The property spans approximately 167,000 square feet and was sold for a price of $6,937,500, resulting in a price per square foot of $41. The transaction took place on 04/07/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,937,500
- Address: 215 Moody Rd
- Market: Enfield, CT
The buyer of the property is Adrian Edery from TwinPeaks Asset Management, along with Avraham Mehl and David Marasow from Brightpoint Investment Group. The seller of the property is Bob Rousseau. David Murdock, representing Sentry Commercial, served as the broker for the transaction.
TwinPeaks Asset Management, one of the buyers, is actively seeking industrial and flex investment opportunities in the Northeast region. They are interested in both stabilized and value-add opportunities. Please contact [email protected] for any potential deals.
Players
Enfield 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
2.29%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93