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1 Shoreline Dr, Guilford, C...

Updated Oct 29, 2024

Pexagon Technology Leases Warehouse In Guilford To Russo Real Estate LLC
LEASEDWarehouse

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

Kevin Geenty

The Geenty Group

Broker

1 deal

Broker

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

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