NorthEastern Conference Corporation Of Seventh-day Adventists Acquires Industrial Property In Hamden, CT For $2.7M
SOLD
$2,700,000
Connecticut
See Similar DealsIndustrial46,500 SF
Sold 10/16/2020
SOLD
NorthEastern Conference Corporation Of Seventh-day Adventists Acquires Industrial Property In Hamden, CT For $2.7M
335 Putnam Avenue, Hamden, CT 06517
See Similar DealsIndustrial46,500 SF
Sold 10/16/2020
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$58
Total Square Footage:46,500 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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