Updated Oct 28, 2024
Mosquito Squad Acquires Industrial Property In Milford, CT For $1.3M
240 Depot Road, Milford, CT, USA
$1,325,000
$67/SF
Building Size
19,714 SF
Asset Type
Industrial
Closing
Jul 23, 2020
About this deal
AI
Irving Associates LLC has sold an industrial property located at 240 Depot Road in Milford, CT. The property spans an area of 19,714 square feet and was sold for a price of $1,325,000, at a rate of approximately $67 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,325,000
- Address: 240 Depot Road, Milford, CT
- Market: Milford, CT
Mosquito Squad, represented by Thomas Luthy, acted as the buyer in this transaction. The buyer was represented by Jon Angel from Angel Commercial. The sale of this industrial property was completed on July 23, 2021.
Players
Milford 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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93