Updated Oct 29, 2024
NorthEastern Conference Corporation Of Seventh-day Adventists Acquires Industrial Property In Hamden, CT For $2.7M
335 Putnam Avenue, Hamden, CT 06517
$2,700,000
$58/SF
Building Size
46,500 SF
Asset Type
Industrial
Closing
Oct 15, 2020
About this deal
AI
An industrial property located at 335 Putnam Avenue in Hamden, CT has been sold for a price of $2,700,000. The property spans 46,500 square feet, resulting in a price per square foot of $58. Situated on 3.45 acres, the property has a price per acre of $783.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,700,000
- Square Footage: 46,500
- Address: 335 Putnam Avenue, Hamden, CT
- Price per Square Foot: $58
- Acreage: 3.45
- Price per Acre: $783
The seller of the property is 335 Putnam Ave., LLC, while the buyer is NorthEastern Conference Corporation of Seventh-day Adventists. Representing the seller on the deal is Stephen Press from Press|Cuozzo Commercial Services, and the buyer is represented by Mike Johnson from TAJ Real Estate, LLC.
Players
Hamden Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93