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

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SOLD
$7,350,000

Connecticut

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Industrial82,386 SF
Sold 07/14/2023
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Property Image
SOLD

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

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

See Similar Deals
Industrial82,386 SF
Sold 07/14/2023
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Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$89
Total Square Footage:82,386 SF
Transaction Type:Sale

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

CO
2 deals$14.9M volume
BROKER

Details

SOLD
IMAGE: Chris O’Hara DATE: 07/14/2023 ADDRESS: 5 & 18 Connecticut South Dr MARKET: East Granby, CT ASSET TYPE: Industrial BUYER: CoreOne Industrial, LLC SELLER: 5-18 Connecticut Real Estate Holdings Company, LLC BROKER: Chris O’Hara - Coldwell Banker (@ColdwellBanker) SALE PRICE: $7,350,000 SF: 82,386 ~ PPSF: $89 NOTE: Chris O'Hara, SVP of Coldwell Banker Commercial, successfully brokered the sale of two neighboring manufacturing buildings, totaling 82,386 square feet, located at 5 and 18 Connecticut South Dr., for $7.35 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$391,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,113.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,842.75
Annual Debt Service$418,113.00