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380 Horace St Bridgeport, C...

Moshe Bloorian's GreyHill Group Acquires Industrial Property In Bridgeport, CT For $12.4M
SOLDIndustrial

Moshe Bloorian's GreyHill Group Acquires Industrial Property In Bridgeport, CT For $12.4M

380 Horace St Bridgeport, CT 06610, USA

$12,400,000

$72/SF

Building Size

170,047 SF

Asset Type

Industrial

Closing

Jun 19, 2023

AI

The industrial property located at 380 Horace Street in Bridgeport, CT has been sold for a total price of $12,400,000. The property spans across 170,047 square feet, resulting in a price per square foot of $73. The sale was completed on 06/19/2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $12,400,000
  • Square Footage: 170,047
  • Price per Square Foot: $73
  • Address: 380 Horace Street, Bridgeport, CT
  • Market: Bridgeport, CT

Moshe Bloorian of GreyHill Group represented the buyer in the transaction. The seller, LJ Blaiotta, successfully completed the sale of the property. Both parties played key roles in the deal's completion.

Players

Moshe Bloorian

GreyHill Group

Buyer

$94.4M

vol

12 deals

Buyer

Bridgeport 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

1.28%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93