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LiquidPiston Acquires Industrial Building At 980 South Street Suffield For $2.1M

Property Image
SOLD
$2,100,000

Connecticut

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Industrial23,970 SF
Sold 04/25/2025
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Property Image
SOLD

LiquidPiston Acquires Industrial Building At 980 South Street Suffield For $2.1M

980 South Street

See Similar Deals
Industrial23,970 SF
Sold 04/25/2025
Contact now

Summary

CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$87
Total Square Footage:23,970 SF
Transaction Type:Sale

The sale of an industrial property located at 980 South Street in Suffield, CT, was completed on April 25, 2025. The asset spans 4.32 acres and encompasses a total of 23,970 square feet. The transaction was finalized at a price of $2,100,000, which translates to $88 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,100,000
  • Address: 980 South Street, Suffield, CT
  • Asset Size: 4.32 acres
  • Square Footage: 23,970
  • Price Per Square Foot: $88
  • Buyer: LiquidPiston
  • Seller: 980 South Street, LLC
  • Buyer's Representative: Laurie Caserta - Canopy Brokerage Co
  • Seller's Representative: Jay Morris - O,R&L Commercial

The transaction involved key representatives from both the buyer and seller sides, with Jay Morris of O,R&L Commercial acting on behalf of the seller, 980 South Street, LLC. Laurie Caserta of Canopy Brokerage Co represented the interests of the buyer, LiquidPiston, in this deal.

Players

Jay Morris
2 deals$5.5M volume
BROKER

Laurie Caserta
2 deals$4.8M volume
BROKER

Details

SOLD
IMAGE: 04/25/2025 ADDRESS: 980 South Street MARKET: Suffield, CT ASSET TYPE: Industrial ~ ACRES: 4.32 BUYER: LiquidPiston SELLER: 980 South Street, LLC BUYER'S REP: Laurie Caserta - Canopy Brokerage Co SELLER'S REP: Jay Morris - O,R&L Commercial SALE PRICE: $2,100,000 SF: 23,970 ~ PPSF: $88 NOTE: O,R&L Commercial brokered the $2.1 million sale of a 23,970-square-foot industrial building at 980 South St., Suffield, CT. Jay Morris represented the seller, 980 South Street, LLC, while Laurie Caserta of Canopy Brokerage Co. represented the buyer, LiquidPiston.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86