Marcus & Millichap Brokers Facilitate $5.2M Sale Of North Haven Industrial Property
SOLD
$5,161,860
+ 1
Connecticut
See Similar DealsIndustrial53,158 SF
Sold 09/17/2021
SOLD
Marcus & Millichap Brokers Facilitate $5.2M Sale Of North Haven Industrial Property
347 State Street, North Haven, CT, USA
See Similar DealsIndustrial53,158 SF
Sold 09/17/2021
+ 1
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$97
Total Square Footage:53,158 SF
Transaction Type:Sale
A industrial property located at 347 State Street in North Haven, CT has been sold for a price of $5,161,860. The property spans an area of 53,158 square feet, resulting in a price per square foot of $97.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $5,161,860
- Square Footage: 53,158
- Price per Square Foot: $97
- Address: 347 State Street, North Haven, CT
- Market: North Haven, CT
The sale was facilitated by the brokers Anthony D’Ambrosia, Cade Kearn, Glen Kunofsky, and Josh Kanter from Marcus & Millichap.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$275,299.20
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,339.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,469.85
Annual Debt Service$293,638.20
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