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480 Short Beach Road

Updated May 12, 2025

New Haven Truck & Auto Body Inc Sells Industrial Property At 480 Short Beach Road For $1.8M
SOLDIndustrial

New Haven Truck & Auto Body Inc Sells Industrial Property At 480 Short Beach Road For $1.8M

480 Short Beach Road

$1,800,000

$102/SF

Building Size

17,500 SF

Asset Type

Industrial

Closing

Mar 21, 2025

About this deal

AI

The sale of an industrial property at 480 Short Beach Road in East Haven, CT, was concluded on March 21, 2025. The transaction involved a sale price of $1,800,000 for a property with a total square footage of 17,500. The asset comprises 12,160 square feet of industrial space and 5,326 square feet of office space. The facility was originally built in 1990 and upgraded in 2021.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,800,000
  • Square Footage: 17,500
  • Address: 480 Short Beach Road
  • Market: East Haven, CT
  • Seller: New Haven Truck & Auto Body Inc
  • Broker: Renee Stevens - Press|Cuozzo Realtors
  • Price Per Square Foot: $103

Renee Stevens, representing Press|Cuozzo Realtors, facilitated the transaction involving the sale of the industrial property. The role of the broker was crucial in finalizing the deal between the seller and the buyers, ensuring that the process adhered to the necessary market protocols and standards.

Players

Renee Stevens

Press|Cuozzo Realtors

Broker

$1.8M

vol

1 deal

Broker

East Haven Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $102 per square foot on a published $1.8M for 17,500 square feet (2025).

Visit Press|Cuozzo Realtors to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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