Updated Oct 28, 2024
Omega, LLC Acquires Office/Warehouse In Berlin, CT For $1.4M
124 White Oak Drive, Berlin, Connecticut 06037, United States
$1,395,000
$77/SF
Building Size
18,000 SF
Asset Type
Office
Closing
May 19, 2022
About this deal
AI
A 3.05-acre Office/Warehouse property located at 124 White Oak Dr in Berlin, CT was recently sold. The transaction took place on 05/20/2022, as confirmed by the provided image from Bob Gaucher.
Summary of transaction details
- Property Type: Office/Warehouse
- Transaction Amount: $1,395,000
- Square Footage: 18,000
- Price Per Square Foot: $78
- Address: 124 White Oak Dr, Berlin, CT
- Market: Berlin, CT
The buyer of the property is Omega, LLC, while JRG Berlin, LLC acted as the seller. The deal was facilitated by Bob Gaucher from O,R&L Commercial, who represented both parties as the broker.
Players
Berlin Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.37%
Cash-on-Cash
-3.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93