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PYC Manufacturing Acquires Industrial Property In Berlin, CT For $1.05M

Property Image
SOLD
$1,050,000

Connecticut

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Industrial20,633 SF
Sold 01/26/2022
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Property Image
SOLD

PYC Manufacturing Acquires Industrial Property In Berlin, CT For $1.05M

758 Four Rod Road, Berlin, Connecticut 06037, United States

See Similar Deals
Industrial20,633 SF
Sold 01/26/2022
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$50
Total Square Footage:20,633 SF
Transaction Type:Sale

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

Luke Massirio
O,R&L Commercial
Luke Massirio
5 deals$21.3M volume
BROKER

Details

SOLD
IMAGE: Luke Massirio DATE: 01/26/2022 ADDRESS: 758 4 Rod Rd MARKET: Berlin, CT ASSET TYPE: Industrial BUYER: PYC Manufacturing SELLER: Sheppard Family Holdings, LLC BUYER'S REP: Commercial Real Estate Group SELLER'S REP: Luke Massirio - O,R&L Commercial, LLC SALE PRICE: $1,050,000 SF: 20,633 ~ PPSF: $51

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
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