Updated Oct 28, 2024
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
About this deal
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.
On the Map
$1,050,000
$50/SF
Industrial
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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