5 Wisconsin Ave Industrial Property In Norwich, CT Sells For $6.8M By Buyer 5 Wisconsin Owner LP And Seller Jack Feinberg
5 Wisconsin Avenue, Norwich, Connecticut 06360, United States
$6,800,000
$70/SF
Building Size
96,000 SF
Asset Type
Industrial
Closing
Mar 17, 2022
AI
The industrial property located at 5 Wisconsin Ave in Norwich, CT has been sold in a recent transaction. The property spans 96,000 square feet and was sold for a price of $6,800,000, resulting in a price per square foot of $71. The sale took place on March 18, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,800,000
- Address: 5 Wisconsin Ave, Norwich, CT
- Market: Norwich, CT
The buyer of the property is 5 Wisconsin Owner LP, while the seller is Jack Feinberg. The sale was facilitated by broker Ron Lyman from Lyman Real Estate Brokerage & Development.
Players
Norwich 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93