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
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