Web Solutions, Inc. Acquires Office Building In Wallingford, CT For $1.2M
5 Brookside Dr, Wallingford, CT, USA
$1,200,000
$50/SF
Building Size
23,634 SF
Asset Type
Office
Closing
Oct 22, 2021
AI
Located at 5 Brookside Dr in Wallingford, CT, this office property spans across 4.49 acres. The transaction took place on October 22, 2021, with a sale price of $1,200,000. The property offers a total of 23,634 square feet, resulting in a price per square foot of $51. David Barnes captured the image of the property for reference.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,200,000
- Market: Wallingford, CT
- Acres: 4.49
- Price Per Acre: $267,261
- Square Feet: 23,634
- Price Per Square Foot: $51
The buyer in this transaction was Web Solutions, Inc., represented by Mark Berkowitz from O,R&L Commercial, LLC. The seller, on the other hand, was the American Heart Association, with David Barnes from CBRE acting as their representative.
Players
Wallingford 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93