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175 Addison Road

Connecticut Joint Venture Acquires 605,502 SF Mixed-Use Property In Windsor For $9M
SOLDMixed-use

Connecticut Joint Venture Acquires 605,502 SF Mixed-Use Property In Windsor For $9M

$9,000,000

$14/SF

Building Size

605,502 SF

Asset Type

Mixed-use

Closing

Jul 21, 2023

AI

The $9 million sale of 175 Addison Road in Windsor, CT has been facilitated by Cushman & Wakefield. The property, which spans 605,502 square feet, is a mixed-use asset that comprises industrial/research and development and office spaces. Located on 78.6 acres, the property offers a wide range of opportunities for potential buyers.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $9,000,000
  • Address: 175 Addison Road
  • Market: Windsor, CT
  • Square Footage: 605,502

The joint venture between Hollister & Moore and the New Haven Group, both Connecticut-based commercial real estate professionals, emerged as the buyers of 175 Addison Road. Throughout the transaction, they were represented by a team of brokers from Cushman & Wakefield, including Matt Torrance, Joel Grieco, Damon Bowers, Al Mirin, Kate Schwartz, Sean Duffy, and Timothy D’Addabbo. This collaboration demonstrates the expertise and professionalism of all parties involved, ensuring a smooth and successful transaction.

Players

Al Mirin

Cushman & Wakefield

Broker

$64.2M

vol

4 deals

Broker

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93