Updated Dec 4, 2024
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
Boundary boundary · Land · Sale transactions
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Deal FAQ
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