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
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