PYC Manufacturing Acquires Industrial Property In Berlin, CT For $1.05M
758 Four Rod Road, Berlin, Connecticut 06037, United States
$1,050,000
$50/SF
Building Size
20,633 SF
Asset Type
Industrial
Closing
Jan 25, 2022
AI
The industrial property located at 758 4 Rod Rd in Berlin, CT has been sold for $1,050,000. The property spans across 20,633 square feet, resulting in a price per square foot of $51. The transaction took place on January 26, 2022. The property was acquired by PYC Manufacturing.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,050,000
- Address: 758 4 Rod Rd, Berlin, CT
- Square Footage: 20,633
- Price Per Square Foot: $51
- Buyer: PYC Manufacturing
- Seller: Sheppard Family Holdings, LLC
- Buyer's Representative: Commercial Real Estate Group
- Seller's Representative: Luke Massirio - O,R&L Commercial, LLC
Luke Massirio represented the seller, Sheppard Family Holdings, LLC, on behalf of O,R&L Commercial, LLC. The buyer, PYC Manufacturing, was represented by Commercial Real Estate Group. This transaction marks the successful sale of the industrial property in Berlin, CT.
Players
Kensington 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93