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ECBCT LLC And SDCT LLC Acquire Industrial Property In East Haven, CT For $1.54M

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SOLD
$1,540,000

Connecticut

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Industrial18,764 SF
Sold 05/20/2022
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Property Image
SOLD

ECBCT LLC And SDCT LLC Acquire Industrial Property In East Haven, CT For $1.54M

218 Foxon Road, East Haven, Connecticut 06513, United States

See Similar Deals
Industrial18,764 SF
Sold 05/20/2022
Contact now

Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$82
Total Square Footage:18,764 SF
Transaction Type:Sale

Located at 218 Foxon Rd in East Haven, CT, this industrial property was recently sold in a transaction that closed on May 20, 2022. The property spans a total of 18,764 square feet and has been acquired by ECBCT LLC, represented by Eli Breiner, and SDCT LLC, represented by Daniel Klein. The seller, MCM Development, completed the deal with the assistance of O,R&L Commercial brokers Frank Hird and Adam Gregg.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $1,540,000
  • Address: 218 Foxon Rd, East Haven, CT
  • Buyer: ECBCT LLC - Eli Breiner & SDCT LLC - Daniel Klein
  • Seller: MCM Development
  • Brokers: Frank Hird & Adam Gregg - O,R&L Commercial

The sale of this industrial property for $1,540,000 highlights the successful collaboration between ECBCT LLC, represented by Eli Breiner, and SDCT LLC, represented by Daniel Klein. The deal was facilitated by Frank Hird and Adam Gregg from O,R&L Commercial, who brought together the buyer and seller to finalize the transaction. The property's size of 18,764 square feet adds to its value and potential for various industrial ventures.

Players

Frank Hird
5 deals$15.8M volume
BROKER

Adam Gregg
O,R&L Commercial
2 deals$2.6M volume
BROKER

Details

SOLD
IMAGE: Adam Gregg & Frank Hird DATE: 05/20/2022 ADDRESS: 218 Foxon Rd MARKET: East Haven, CT ASSET TYPE: Industrial BUYER: ECBCT LLC - Eli Breiner & SDCT LLC - Daniel Klein SELLER: MCM Development BROKERS: Frank Hird & Adam Gregg - O,R&L Commercial (@ORLCommercial) SALE PRICE: $1,540,000 SF: 18,764 ~ PPSF: $82

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$82,133.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,471.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,300.39
Annual Debt Service$87,604.63