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254 Branford Road, North Br...

Silver Properties Acquires Industrial Property In North Branford, CT For $5.5M
SOLDIndustrial

Silver Properties Acquires Industrial Property In North Branford, CT For $5.5M

254 Branford Road, North Branford, Connecticut 06471, United States

$5,475,000

$97/SF

Building Size

56,085 SF

Asset Type

Industrial

Closing

Jan 4, 2022

AI

Located at 254-260 Branford Rd in North Branford, CT, this industrial property spans across 4.42 acres. The sale of this property was facilitated by Mark Duclos, SIOR and Frank Hird, SIOR.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,475,000
  • Square Footage: 56,085
  • Price per square foot: $98
  • Address: 254-260 Branford Rd, North Branford, CT
  • Market: North Branford, CT

The buyer of this property is Silver Properties, represented by Burech Glauber and Abraham Silberstein. On the other hand, Branford Realty II LLC acted as the seller. Mark Berkowitz from O,R&L Commercial served as the buyer's representative, while Frank Hird, SIOR from O,R&L Commercial and Mark Duclos, SIOR from Sentry Commercial represented the seller.

Players

Mark Berkowitz

O,R&L Commercial

Broker

$11.3M

vol

4 deals

Broker
SP
Silver PropertiesBuyer

Abraham Silberstein

Silver Properties

Buyer

$29.3M

vol

3 deals

Buyer

North Branford Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.90%

Cash-on-Cash

-0.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93