Bjork Karlsson Acquires Retail Condo In Stamford, CT From Gideon Friedman With Walgreens As Tenant
SOLD
$16,200,000
Connecticut
See Similar Deals14,820 SF
Sold 04/20/2022
SOLD
Bjork Karlsson Acquires Retail Condo In Stamford, CT From Gideon Friedman With Walgreens As Tenant
780 E Main St, Stamford, Connecticut 06902, United States
See Similar Deals14,820 SF
Sold 04/20/2022
Summary
CONNECTICUT
Price Per Square Foot:$1,093
Total Square Footage:14,820 SF
Transaction Type:Sale
A retail condo located at 780 E. Main St. in Stamford, CT has been sold for $16,200,000. The property has a total square footage of 14,820, resulting in a price per square foot of $1,093. The transaction took place on April 20, 2022.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $16,200,000
- Address: 780 E. Main St., Stamford, CT
- Market: Stamford, CT
- Square Footage: 14,820
- Sale Price per Square Foot: $1,093
The buyer in this transaction is Bjork Karlsson, while the seller is Gideon Friedman. Alex Sharrin from JLL and Brendan Conway from Horvath & Tremblay acted as the brokers representing both parties involved. The retail condo currently has Walgreens as its tenant.
Players
TENANT
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$864,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,555.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,796.26
Annual Debt Service$921,555.18
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