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1697 King Street

Winstanley Enterprises Acquires 133.6-Acre Land In Enfield, CT For $4.6M
SOLDLand

Winstanley Enterprises Acquires 133.6-Acre Land In Enfield, CT For $4.6M

1697 King Street

$4,600,000

Building Size

Asset Type

Land

Closing

Oct 10, 2023

AI

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.

Players

WE
Winstanley EnterprisesBuyer

Enfield Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.45%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93