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980 South Street

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

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

980 South Street

$2,100,000

$87/SF

Building Size

23,970 SF

Asset Type

Industrial

Closing

Apr 25, 2025

AI

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

O,R&L Commercial

Broker

$5.5M

vol

2 deals

Broker

Suffield 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93