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Walmart Affiliate Acquires Industrial Building In East Hartford From Jacques Chappuis For $212 Million
SOLD
$212,000,000
Connecticut
See Similar DealsIndustrial2,500,000 SF
Sold 04/30/2026
SOLD
Walmart Affiliate Acquires Industrial Building In East Hartford From Jacques Chappuis For $212 Million
475 East Hartford Boulevard North
See Similar DealsIndustrial2,500,000 SF
Sold 04/30/2026
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$84
Total Square Footage:2,500,000 SF
Transaction Type:Sale
An industrial asset located at 475 East Hartford Boulevard North in East Hartford, CT, has been sold for approximately $212 million. The property spans 2,500,000 square feet, translating to a price per square foot of $85. The transaction involves part of the East Hartford Logistics & Technology Park, which was completed in 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $212,000,000
- Address: 475 East Hartford Boulevard North
- Market: East Hartford, CT
- Square Footage: 2,500,000
- Price Per Square Foot: $85
- Buyer: Affiliate of Walmart
- Seller: Jacques Chappuis - PGIM & National Development
The deal was facilitated by an affiliate of Walmart, who has acquired this industrial building from Jacques Chappuis, representing PGIM and National Development, completing a significant transaction in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$11,306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$753,191.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,004,988.16
Annual Debt Service$12,059,857.89
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