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.
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