Updated Oct 28, 2024
Phoenix At Reef Road Corp Acquires Medical Office In Fairfield, CT For $2.95M
325 Reef Rd, Fairfield, Connecticut 06824, United States
$2,950,000
$184/SF
Building Size
16,000 SF
Asset Type
—
Closing
Jun 30, 2022
About this deal
AI
The property involved in this transaction is a Medical Office located at 325 Reef Rd in Fairfield, CT. The property spans 16,000 square feet and was sold for a price of $2,950,000, resulting in a price per square foot of $184.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $2,950,000
- Address: 325 Reef Rd, Fairfield, CT
- Square Footage: 16,000
- Price Per Square Foot: $184
- Buyer: Phoenix at Reef Road Corp - Anthony Guillaro
- Seller: Brothers Holding Inc
The buyer in this transaction is Phoenix at Reef Road Corp, represented by Anthony Guillaro. The seller is Brothers Holding Inc.
Players
Fairfield CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93