facebook

traded

+ Submit
Home

/

Deals

/

Connecticut

/

Industrial

/

Sale

/

90 Wauregan Road, Killingly...

Marcus & Millichap Brokers Sell Killingly, CT Industrial Property For $2.4M
SOLDIndustrial

Marcus & Millichap Brokers Sell Killingly, CT Industrial Property For $2.4M

90 Wauregan Road, Killingly, Danielson, CT, USA

$2,400,000

$23/SF

Building Size

103,084 SF

Asset Type

Industrial

Closing

Feb 22, 2021

AI

Located at 90 Wauregan Road in Killingly, CT, this industrial property was recently sold on February 23, 2021. The property encompasses a total area of 103,084 square feet, with a sale price of $2,400,000. This results in a price per square foot of $23. Situated on 5 acres of land, the property has an approximate value of $480,000 per acre.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,400,000
  • Address: 90 Wauregan Road, Killingly, CT
  • Market: Killingly, CT
  • Square Footage: 103,084
  • Price per Square Foot: $23
  • Acreage: 5
  • Price per Acre: $480,000

The successful sale of this industrial property was facilitated by Marcus & Millichap, with Harrison Klein, Laurie Ann Drinkwater, Seth J. Richard, and John Krueger representing the transaction.

Players

Laurie Ann Drinkwater

Marcus & Millichap

Broker

$75M

vol

13 deals

Broker

Danielson Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93