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435 Woodmont Road

Team Woody LLC Acquires Industrial Property In Milford For $1.575M
SOLDIndustrial

Team Woody LLC Acquires Industrial Property In Milford For $1.575M

435 Woodmont Road

$1,575,000

$78/SF

Building Size

20,120 SF

Asset Type

Industrial

Closing

May 17, 2024

AI

The industrial property located at 435 Woodmont Road in Milford, CT, was sold for $1,575,000. The transaction involved Team Woody LLC as the buyer and was facilitated by Jon Angel from Angel Commercial. The property spans 20,120 square feet, resulting in a price per square foot of $78.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,575,000
  • Address: 435 Woodmont Road
  • Market: Milford, CT
  • Buyer: Team Woody LLC
  • Broker: Jon Angel - Angel Commercial
  • Square Footage: 20,120
  • Price Per Square Foot: $78

Angel Commercial, LLC successfully closed the sale of the industrial property to Team Woody LLC, a New York-based buyer. Team Woody LLC intends to utilize the space for business operations, contributing to the enhancement of the Milford Industrial Area.

Players

Jon Angel

Angel Commercial

Broker

$46.5M

vol

13 deals

Broker

Milford 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

10.07%

Cash-on-Cash

-2.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93