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
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