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5 & 18 Connecticut South Dr...

CoreOne Industrial, LLC Acquires Industrial Buildings In East Granby, CT For $7.35M
SOLDIndustrial

CoreOne Industrial, LLC Acquires Industrial Buildings In East Granby, CT For $7.35M

5 & 18 Connecticut South Drive East Granby, Connecticut 06026, USA

$7,350,000

$89/SF

Building Size

82,386 SF

Asset Type

Industrial

Closing

Jul 14, 2023

AI

Two neighboring manufacturing buildings, totaling 82,386 square feet, located at 5 and 18 Connecticut South Dr. in East Granby, CT, have been sold for $7.35 million. The transaction was brokered by Chris O'Hara, the senior vice president of Coldwell Banker Commercial. The industrial properties were purchased by CoreOne Industrial, LLC from the seller, 5-18 Connecticut Real Estate Holdings Company, LLC.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,350,000
  • Square Footage: 82,386
  • Price Per Square Foot: $89
  • Address: 5 & 18 Connecticut South Dr, East Granby, CT
  • Market: East Granby, CT

Chris O'Hara, SVP of Coldwell Banker Commercial, played a crucial role in successfully brokering the sale of these manufacturing buildings. The properties are now under the ownership of CoreOne Industrial, LLC. This transaction highlights the demand for industrial spaces in the East Granby market.

Players

Chris O’Hara

Coldwell Banker

Broker

$14.9M

vol

2 deals

Broker

East Granby 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

2.16%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93