Bruce Wettenstein Of Vidal/Wettenstein Acquires Industrial Property In Stratford, CT For $1.85M
SOLD
$1,850,000
Connecticut
See Similar DealsIndustrial20,062 SF
Sold 09/17/2021
SOLD
Bruce Wettenstein Of Vidal/Wettenstein Acquires Industrial Property In Stratford, CT For $1.85M
240 Hathaway Drive, Stratford, CT 06615, USA
See Similar DealsIndustrial20,062 SF
Sold 09/17/2021
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$92
Total Square Footage:20,062 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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