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Winstanley Enterprises Acquires 133.6-Acre Land In Enfield, CT For $4.6M
SOLD
$4,600,000
Connecticut
See Similar DealsLand
Sold 10/10/2023
SOLD
Winstanley Enterprises Acquires 133.6-Acre Land In Enfield, CT For $4.6M
1697 King Street
See Similar DealsLand
Sold 10/10/2023
Summary
CONNECTICUT
Asset Type:Land
Transaction Type:Sale
Winstanley Enterprises has acquired a 133.6-acre undeveloped site located at 1697 King Street in Enfield, CT. The purchase price for this land transaction was $4.6 million. The buyer's representative in this deal was Adam Winstanley himself, who owns Winstanley Enterprises. The plan for this property is to construct over 600,000 square feet of industrial space.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $4,600,000
- Address: 1697 King Street, Enfield, CT
- Market: Enfield, CT
- Buyer: Adam Winstanley - Winstanley Enterprises
- BSF: 600,000
- PPBSF: $8
Adam Winstanley, representing Winstanley Enterprises, successfully acquired the 133.6-acre undeveloped site in Enfield. With a clear plan in mind, they aim to develop a total of 600,000 square feet of industrial space on this property. This strategic move positions Winstanley Enterprises for future growth and expansion.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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