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48 North Branford Road, Bra...

MAMSCO Construction Supply Acquires Industrial Property In Branford, CT For $1.4M
SOLDIndustrial

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

Michael Richetelli

Broker

$31.5M

vol

7 deals

Broker

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