Updated Oct 28, 2024
Enfield Distribution Center, LLC Sells 19-Acre Industrial Property In Enfield, CT For $15M
35 Manning Road, Enfield, Connecticut 06082, United States
$15,000,000
$63/SF
Building Size
235,000 SF
Asset Type
Industrial
Closing
Oct 30, 2022
About this deal
AI
The Enfield Distribution Center, LLC has sold an industrial property located at 35 Manning Road in Enfield, CT. The property spans an impressive 19 acres, offering ample space for various industrial purposes. The transaction took place on October 31, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Square Footage: 235,000
- Price per Square Foot: $64
- Address: 35 Manning Road, Enfield, CT
- Market: Enfield, CT
Facilitating the sale was Nicholas Morizio, a representative from Colliers, who acted as the broker in this deal.
Players
Enfield 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93