Mellen East Haven Associates Sells Industrial Asset In East Haven CT For $7.1M
460 Coe Avenue
$7,100,000
$34/SF
Building Size
207,000 SF
Asset Type
Industrial
Closing
Dec 10, 2024
AI
The property asset involved in this transaction is located at 460 Coe Avenue, East Haven, CT. The sale price reached a total of $7,100,000, for a substantial industrial asset covering a total area of 207,000 square feet. The property includes a distribution center and an outdoor storage site designed for 176 trailers.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,100,000
- Square Footage: 207,000
- Address: 460 Coe Avenue
- Market: East Haven, CT
- Price Per Square Foot: $34
- Seller: Mellen East Haven Associates, LLC
- Broker Representation: Alex Quinn, Harrison Klein & James Koury - Marcus & Millichap
The transaction was facilitated by the brokerage firm Marcus & Millichap, representing the seller, Mellen East Haven Associates, LLC. The brokers involved in the deal were Alex Quinn, Harrison Klein, and James Koury, who played a key role in successfully closing the sale.
Players
East Haven 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93