MAMSCO Construction Supply Acquires Industrial Property In Branford, CT For $1.4M
48 North Branford Road, Branford, CT 06405
$1,400,000
$53/SF
Building Size
26,000 SF
Asset Type
Industrial
Closing
Oct 15, 2020
AI
Located at 48 North Branford Road in Branford, CT, an industrial property has recently been sold for $1,400,000. This property spans across 26,000 square feet, resulting in a price per square foot of $54. The sale took place on October 16, 2020.
Summary of Transaction Details:
- Property Type: Industrial
- Sale Price: $1,400,000
- Square Footage: 26,000
- Price Per Square Foot: $54
- Market: Branford, CT
The seller of this industrial property was IBE, LLC, represented by Michael Richetelli from Colonial Properties, Inc. On the other hand, the buyer was MAMSCO Construction Supply, LLC, with Carl Russell from Pearce Real Estate Milford acting as their representative.
Players
Branford 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93