Updated Oct 29, 2024
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
About this deal
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.
On the Map
$7,350,000
$89/SF
Industrial
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Players
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