Updated Oct 19, 2026
Brian Ker's Snowball Developments Acquires Industrial Buildings In New Haven For $7.8M
90 John W Murphy Drive & 104 John W Murphy Drive
$4,800,000
Building Size
—
Asset Type
Industrial
Closing
Mar 25, 2026
About this deal
AI
The transaction involved two industrial buildings located at 90 John W Murphy Drive and 104 John W Murphy Drive in New Haven, CT. The properties were sold for a total of $7,800,000, making them significant assets in the area's industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,800,000
- Seller: 90/104 John Murphy Drive LLC
- Buyer: Snowball Developments affiliate led by Brian Ker
- Tenant: Industrial Flow Solutions (IFS)
- Relationship: Long-term tenant and potential expansion partner
The deal was orchestrated between a Luzern Associates entity and Snowball Developments, with Brian Ker representing the acquisition on behalf of Snowball Developments. This partnership is intended to capitalize on the existing tenant's presence and explore further development opportunities on the site.
On the Map
$4,800,000
Industrial
View full map
Players
New Haven Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse New Haven industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93