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30 Edmund Street LLC Acquires Industrial Property In Hamden, CT For $2.175M

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SOLD
$2,175,000

Connecticut

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Industrial120,000 SF
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SOLD

30 Edmund Street LLC Acquires Industrial Property In Hamden, CT For $2.175M

30 Edmund Street, Hamden, Connecticut 06517, United States

See Similar Deals
Industrial120,000 SF
Sold
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Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$18
Total Square Footage:120000 SF
Transaction Type:Sale

30 Edmund St, Hamden, CT has been sold in a recent transaction. The industrial property, spanning over 5.2 acres, was listed for sale by Orchard Investments and purchased by 30 Edmund Street LLC. The deal was facilitated by Stephen Press from Press/Cuozzo Realtors. The sale price for this transaction amounted to $2,175,000, with the property offering 120,000 square feet of space. The price per square foot was calculated at $18.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,175,000
  • Address: 30 Edmund St, Hamden, CT
  • Market: Hamden, CT
  • ACRES: 5.2
  • Buyer: 30 Edmund Street LLC
  • Seller: Orchard Investments
  • Broker: Stephen Press - Press/Cuozzo Realtors
  • Square Footage: 120,000
  • Price Per Square Foot: $18

This transaction showcases the active real estate market in Hamden, CT and the demand for industrial properties in the area. The involvement of Stephen Press from Press/Cuozzo Realtors highlights the importance of experienced brokers in facilitating successful property transactions.

Players

Stephen Press
8 deals$14.7M volume
BROKER

Details

SOLD
IMAGE: Stephen Press DATE: 03/22/2022 ADDRESS: 30 Edmund St MARKET: Hamden, CT ASSET TYPE: Industrial ~ ACRES: 5.2 BUYER: 30 Edmund Street LLC SELLER: Orchard Investments BROKER: Stephen Press - Press/Cuozzo Realtors SALE PRICE: $2,175,000 SF: 120,000 ~ PPSF: $18

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

$115,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,727.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,310.61
Annual Debt Service$123,727.32