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780 North Colony Road, Wall...

Ultimate Realty Acquires Industrial Property In Wallingford, CT For $6.6M
SOLDIndustrial

Ultimate Realty Acquires Industrial Property In Wallingford, CT For $6.6M

780 North Colony Road, Wallingford, Connecticut 06492, United States

$6,625,000

$77/SF

Building Size

86,000 SF

Asset Type

Industrial

Closing

Mar 29, 2022

AI

The industrial property located at 780 N. Colony Rd. in Wallingford, CT has been sold in a recent transaction. The property spans 86,000 square feet and was purchased by Ultimate Realty represented by Michael Sabbagh and Mark Sabbagh. The seller in this deal was the Slomkowski Family Trust. The transaction was facilitated by brokers David Murdock and Chris Duclos from Sentry Commercial. The property is currently occupied by BECN (NASDAQ), a tenant.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,625,000
  • Market: Wallingford, CT

The buyers, Michael Sabbagh and Mark Sabbagh, were represented by Ultimate Realty in the purchase of the industrial property on 780 N. Colony Rd. in Wallingford, CT. The sellers, Slomkowski Family Trust, successfully completed the transaction. The deal was facilitated by the brokers, David Murdock and Chris Duclos, from Sentry Commercial. BECN (NASDAQ) is the current tenant of the property.

Players

Chris Duclos

Sentry Commercial

Broker

$6.6M

vol

1 deal

Broker
Mark Sabbagh

Mark Sabbagh

Ultimate Realty

Buyer

$109.7M

vol

11 deals

Buyer
T
TrustSeller

Wallingford 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

2.39%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93