Updated Nov 2, 2026
Albany Road Real Estate Partners Acquires 85,821-SF Industrial Complex In Milford For $10M
260 Quarry Road & 284 Quarry Road
$10,000,000
$116/SF
Building Size
85,821 SF
Asset Type
Industrial
Closing
Oct 30, 2026
About this deal
AI
Albany Road Real Estate Partners acquired an 85,821-square-foot, two-building industrial complex situated on 7.74 acres at 260-284 Quarry Road in Milford, Connecticut, for $10 million from LM Real Estate Partners.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Address: 260 Quarry Road & 284 Quarry Road
- Market: Milford, CT
- Square Footage: 85,821
- Price Per Square Foot: $117
- Brokers: Jeffrey Dunne, Steven Bardsley, Travis Langer & Matthew Ohare - CBRE
The transaction involved key representatives from CBRE, who facilitated the sale on behalf of LM Real Estate Partners, highlighting the engagement of experienced brokers in the deal process.
On the Map
$10,000,000
$116/SF
Industrial
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Players
Hamden 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93