Robert Martin Company Sells Industrial Property In Stamford, CT For $20.5M
419 West Avenue, Stamford, CT, USA
$20,500,000
$138/SF
Building Size
148,000 SF
Asset Type
Industrial
Closing
Aug 20, 2020
AI
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
Stamford 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93