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55 Winkler Road

Updated Dec 4, 2024

James Cormier Acquires 137 Acres Of Land In East Windsor, CT For $1.15M
SOLDLand

James Cormier Acquires 137 Acres Of Land In East Windsor, CT For $1.15M

55 Winkler Road, 120 North Road & 173 North Road

$1,150,000

Building Size

Asset Type

Land

Closing

Sep 24, 2023

About this deal

AI

A partnership led by real estate developer James Cormier has acquired 137 acres of land in East Windsor, Connecticut, for $1.15 million. The property, located at 55 Winkler Road, 120 North Road, and 173 North Road, is a prime piece of land in the East Windsor market. With its vast size of 137 acres, the property offers potential for various development opportunities.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,150,000
  • Location: 55 Winkler Road, 120 North Road & 173 North Road, East Windsor, CT
  • Market: East Windsor, CT
  • Area: 137 acres

James Cormier, a prominent real estate developer, spearheaded the acquisition of the 137-acre land in East Windsor. As a respected figure in the industry, Cormier's involvement in the deal highlights his commitment to expanding his real estate portfolio. With his extensive experience and expertise, Cormier will undoubtedly leverage the potential of this property to contribute to the development of the East Windsor market.

Players

Winkler Land Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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