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295 Ella Grasso Turnpike

Greenmont Group & Tryperion Holdings Acquire Ella Grasso Industrial Property In Windsor Locks For $17.75M
SOLDIndustrial

Greenmont Group & Tryperion Holdings Acquire Ella Grasso Industrial Property In Windsor Locks For $17.75M

295 Ella Grasso Turnpike

$17,750,000

$39/SF

Building Size

450,000 SF

Asset Type

Industrial

Closing

Oct 18, 2023

AI

A joint venture formed by Greenmont Group and Tryperion Holdings has purchased the Ella Grasso industrial property in Windsor Locks, Connecticut, for a total of $17.75 million. The property, which spans approximately 26 acres, is located opposite Bradley International Airport. With a total square footage of 450,000, the industrial asset offers ample space for various industrial activities. The purchase price translates to an average price per square foot of $39, reflecting the market value of the property.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $17,750,000
  • Address: 295 Ella Grasso Turnpike, Windsor Locks, CT
  • Market: Windsor Locks, CT
  • Acres: 26

The buyers, Greenmont Group and Jeffrey Karsh through Tryperion Holdings, successfully negotiated the acquisition of the Ella Grasso industrial property. The deal was facilitated by the brokers Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, and Sean Bastian from Walker & Dunlop. These professionals played a crucial role in ensuring the smooth execution of the transaction. Additionally, the lending party involved in the deal was Thorofare Capital, providing the necessary financial support for the purchase.

Players

Aaron Appel

Walker & Dunlop

Broker

$33.8B

vol

202 deals

Broker
GG
Greenmont GroupBuyer

Windsor Locks 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

0.89%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93