Updated Oct 29, 2024
Pexagon Technology Leases Warehouse In Guilford To Russo Real Estate LLC
1 Shoreline Dr, Guilford, CT, 06437
Building Size
10,880 SF
Asset Type
Warehouse
Closing
Nov 20, 2023
About this deal
AI
The property at 1 Shoreline Dr, Guilford, CT, 06437 is a warehouse with a total square footage of 10,880 s/f. The tenant, Pexagon Technology, Inc., has entered into a 10-year lease for this unit, along with another unit of 4,380 s/f. The spaces will be utilized for warehouse and laser printing operations. The tenant's representative in the transaction was Kevin Geenty of The Geenty Group, while the landlord, Russo Real Estate, LLC, was represented by Bill Clark from The Geenty Group.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not specified
- Address: 1 Shoreline Dr, Guilford, CT, 06437
- Market: Guilford
- Tenant: Pexagon Technology, Inc.
- Landlord: Russo Real Estate, LLC
Brian Campbell serves as the president of Pexagon Technology, Inc., the tenant for the leased units. The Geenty Group Realtors facilitated the two leases at 1 Shoreline Dr, with Kevin Geenty acting as the tenant's representative. It was reported that Pexagon Technology, Inc. will be utilizing the units for their warehouse and laser printing operations.
Players
Guilford Warehouse Market Snapshot
Boundary boundary · Warehouse · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93