Updated May 12, 2025
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.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93