Burteck, LLC Acquires Industrial Property In Bloomfield, CT For $1.4M
55 Griffin Road South, Bloomfield, CT, USA
$1,400,000
$34/SF
Building Size
40,330 SF
Asset Type
Industrial
Closing
Jan 21, 2021
AI
The industrial property located at 55 Griffin Road in Bloomfield, CT has been sold for a total price of $1,400,000. The property spans across 4.3 acres and offers a total square footage of 40,330. The sale price per square foot amounts to $35, while the price per acre is approximately $325,581. The transaction took place on January 22, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,400,000
- Address: 55 Griffin Road, Bloomfield, CT
- Market: Bloomfield, CT
- SF: 40,330
- PPSF: $35
- ACRES: 4.3
- PPA: $325,581
The seller of the property was Griffin Industrial Realty, Inc., while the buyer was Burteck, LLC. The seller was represented by Maury Smith from Avison Young, and the buyer was represented by Mark Berkowitz from O,R&L Commercial, LLC.
Players
Bloomfield 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93