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
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