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240 Hathaway Drive, Stratfo...

Bruce Wettenstein Of Vidal/Wettenstein Acquires Industrial Property In Stratford, CT For $1.85M
SOLDIndustrial

Bruce Wettenstein Of Vidal/Wettenstein Acquires Industrial Property In Stratford, CT For $1.85M

240 Hathaway Drive, Stratford, CT 06615, USA

$1,850,000

$92/SF

Building Size

20,062 SF

Asset Type

Industrial

Closing

Sep 17, 2021

AI

An industrial property located at 240 Hathaway Drive in Stratford, CT, was recently sold for a total of $1,850,000. The property spans 20,062 square feet, resulting in a price per square foot of $92. The transaction took place on September 17, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,850,000
  • Address: 240 Hathaway Drive, Stratford, CT
  • Square Footage: 20,062
  • Price per Square Foot: $92
  • Market: Stratford, CT

The sale of the industrial property was facilitated by broker Bruce Wettenstein of Vidal/Wettenstein. Legal advice during the transaction was provided by Lawrence Langerman of Karp & Langerman, P.C.

Players

Bruce Wettenstein

Vidal/Wettenstein

Broker

$33.7M

vol

7 deals

Broker

Stratford 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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93