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5 Brookside Dr, Wallingford...

Web Solutions, Inc. Acquires Office Building In Wallingford, CT For $1.2M
SOLDOffice

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

Mark Berkowitz

O,R&L Commercial

Broker

$11.3M

vol

4 deals

Broker

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