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
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