Marcus & Millichap Brokers $5M Industrial Sale In Bristol, CT
SOLD
$5,024,662
Connecticut
See Similar DealsIndustrial69,494 SF
Sold 11/30/2021
SOLD
Marcus & Millichap Brokers $5M Industrial Sale In Bristol, CT
60 Wooster Court, Bristol, CT 06010, USA
See Similar DealsIndustrial69,494 SF
Sold 11/30/2021
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$72
Total Square Footage:69,494 SF
Transaction Type:Sale
The industrial property located at 60 Wooster Ct in Bristol, CT was recently sold. The transaction took place on November 30, 2021, with a sale price of $5,024,662. The property spans a total of 69,494 square feet, resulting in a price per square foot of $72. The asset type of the property is industrial.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $5,024,662
- Address: 60 Wooster Ct, Bristol, CT
- Market: Bristol, CT
- Square Footage: 69,494
- Price per Square Foot: $72
The sale was facilitated by Laurie Ann (L.A.) Drinkwater & Seth J. Richard from Marcus & Millichap. They represented the parties involved in the transaction. No further details regarding the deal participants or any additional aspects of the transaction were disclosed.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$267,981.97
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,851.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,819.46
Annual Debt Service$285,833.54
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