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
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