Clancy Relocation & Logistics Acquires Industrial Property In South Windsor, CT For $5M
SOLD
$5,000,000
Connecticut
See Similar DealsIndustrial48,060 SF
Sold 08/20/2020
SOLD
Clancy Relocation & Logistics Acquires Industrial Property In South Windsor, CT For $5M
220 Strong Road, South Windsor, CT 06074, USA
See Similar DealsIndustrial48,060 SF
Sold 08/20/2020
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$104
Total Square Footage:48,060 SF
Transaction Type:Sale
The industrial property located at 220 Strong Rd. in South Windsor, CT has been sold. The transaction took place on August 20, 2021, with a sale price of $5,000,000. The property spans 48,060 square feet and is situated on 15.45 acres. The price per square foot comes to $104, while the price per acre is $323,625.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Address: 220 Strong Rd., South Windsor, CT
- Market: South Windsor, CT
Clancy Relocation & Logistics purchased the property from CMS Ventures, LLC. The deal was facilitated by Sam Lyman from Lyman Real Estate, who represented both the buyer and the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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