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

Property Image
SOLD
$5,475,000
Mark Duclos
Frank Hird
Mark Berkowitz
+ 1

Connecticut

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Industrial56,085 SF
Sold 01/05/2022
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Industrial56,085 SF
Sold 01/05/2022
Mark Duclos
Frank Hird
Mark Berkowitz
+ 1
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$97
Total Square Footage:56,085 SF
Transaction Type:Sale

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
Mark Berkowitz
4 deals$11.3M volume
BROKER
Frank Hird
O,R&L Commercial
Frank Hird
5 deals$15.8M volume
BROKER
Mark Duclos
Mark Duclos
1 deal$5.5M volume
BROKER
SP
Silver Properties
BUYER
AS
Abraham Silberstein
3 deals$29.3M volume
BUYER

Details

SOLD
IMAGE: Mark Duclos, SIOR & Frank Hird, SIOR DATE: 01/05/2022 ADDRESS: 254-260 Branford Rd MARKET: North Branford, CT ASSET TYPE: Industrial ~ ACRES: 4.42 BUYER: Silver Properties - Burech Glauber & Abraham Silberstein SELLER: Branford Realty II LLC BUYER'S REP: Mark Berkowitz - O,R&L Commercial SELLER'S REP: Frank Hird, SIOR - O,R&L Commercial & Mark Duclos, SIOR - Sentry Commercial SALE PRICE: $5,475,000 SF: 56,085 ~ PPSF: $98

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$292,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,451.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,954.29
Annual Debt Service$311,451.52