Updated Sep 9, 2024
Paradigm Commercial Real Estate Refinances Industrial Property In Cheshire, CT For $14.6M Loan Amount
611-619 West Johnson Ave
$14,560,000
$70/SF
Building Size
208,000 SF
Asset Type
Industrial
Closing
Dec 21, 2022
About this deal
AI
Located at 611-619 West Johnson Ave in Cheshire, CT, this industrial property spans an impressive 208,000 square feet. The property was recently involved in a loan transaction.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $14,560,000
- Loan Type: Refinance
- Loan Terms: 70% LTV, 1yr IO, 5yr Fixed at 5.50%, 10yr Term, 29yr Amort, No prepayment Penalty
The deal was facilitated by Adrian Edery from Paradigm Commercial Real Estate. As a representative of the borrower, Adrian Edery played a crucial role in negotiating and securing the loan for this industrial property in Cheshire.
Springfield Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93