Updated Jan 31, 2025
ATI Windows Acquires Green Tech Plaza Office Property From Eastbourne Investments For $11.5M
5253 Business Center Drive
$11,500,000
$111/SF
Building Size
103,128 SF
Asset Type
Office
Closing
Jan 26, 2025
About this deal
AI
The property involved in the transaction is located at 5253 Business Center Drive in Fairfield. It is classified as an office asset type. The transaction was completed with a sale price of $11,500,000 for a total of 103,128 square feet, resulting in a price per square foot of $112. The property is intended to be repurposed as a showroom, office, and light manufacturing facility.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,500,000
- Square Footage: 103,128
- Price Per Square Foot: $112
- Buyer: Stephen Schwartz - ATI Windows
- Seller: Eastbourne Investments
- Brokers: Brooks Pedder, Matt Post & Tony Binswanger - CBRE
Brooks Pedder, Matt Post, and Tony Binswanger from CBRE represented the seller, Eastbourne Investments, in this transaction. The deal marks a significant transfer of property ownership within the market, highlighting the role of brokerage firms in facilitating such transactions.
On the Map
$11,500,000
$111/SF
Office
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Players
Fairfield 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93