Moshe Bloorian's GreyHill Group Acquires Industrial Property In Bridgeport, CT For $12.4M
SOLD
$12,400,000
Connecticut
See Similar DealsIndustrial170,047 SF
Sold 06/19/2023
SOLD
Moshe Bloorian's GreyHill Group Acquires Industrial Property In Bridgeport, CT For $12.4M
380 Horace St Bridgeport, CT 06610, USA
See Similar DealsIndustrial170,047 SF
Sold 06/19/2023
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$72
Total Square Footage:170,047 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$661,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,782.33
Annual Debt Service$705,387.91
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