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335 Putnam Avenue, Hamden, ...

Updated Oct 29, 2024

NorthEastern Conference Corporation Of Seventh-day Adventists Acquires Industrial Property In Hamden, CT For $2.7M
SOLDIndustrial

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

Stephen R. Preuss Sr.

Ripco

Broker

$2.1B

vol

265 deals

Broker
NA
NorthEastern Conference Corporation of Seventh-day AdventistsBuyer
3L
335 Putnam Ave., LLCSeller

Hamden Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $58 per square foot on a published $2.7M for 46,500 square feet (2020).

Visit Stephen R. Preuss Sr. to view all their deals.

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

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