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Robert Martin Company Sells Industrial Property In Stamford, CT For $20.5M

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SOLD
$20,500,000

Connecticut

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Industrial148,000 SF
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SOLD

Robert Martin Company Sells Industrial Property In Stamford, CT For $20.5M

419 West Avenue, Stamford, CT, USA

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Industrial148,000 SF
Sold
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Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$138
Total Square Footage:148000 SF
Transaction Type:Sale

An industrial property located at 419 & 650 West Ave in Stamford, CT, was recently sold for $20,500,000. The property spans approximately 148,000 square feet, resulting in a price per square foot of $139. The seller of the property was the Robert Martin Company, represented by Tim Jones. The sale was facilitated by brokers Bill Anson and Jillian Reiner from RM Friedland.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $20,500,000
  • Address: 419 & 650 West Ave, Stamford, CT
  • Market: Stamford, CT
  • Square Footage: 148,000
  • Price per Square Foot: $139
  • Seller: Robert Martin Company - Tim Jones
  • Brokers: Bill Anson & Jillian Reiner - RM Friedland

The sale of this industrial property was successfully facilitated by Bill Anson and Jillian Reiner, who represented the Robert Martin Company. The transaction involved various key individuals and companies, including the seller, Tim Jones, and the brokers from RM Friedland. The property's location in Stamford, CT, and its significant square footage make it a valuable asset within the industrial market.

Players

William "Bill" Anson
3 deals$47M volume
BROKER

Jillian Reiner
RM Friedland
2 deals$29.4M volume
BROKER

SELLER

Details

SOLD
IMAGE: Bill Anson, Jillian Reiner & Tim Jones DATE: 08/20/2021 ADDRESS: 419 & 650 West Ave MARKET: Stamford, CT ASSET TYPE: Industrial SELLER: Robert Martin Company - Tim Jones BROKERS: Bill Anson & Jillian Reiner - RM Friedland SALE PRICE: $20,500,000 SF: 148,000 ~ PPSF: $139

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$72,832.18
Cash-on-Cash Return-1.27%
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