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780 E Main St, Stamford, Co...

Bjork Karlsson Acquires Retail Condo In Stamford, CT From Gideon Friedman With Walgreens As Tenant
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

$16,200,000

$1,093/SF

Building Size

14,820 SF

Asset Type

Closing

Apr 19, 2022

AI

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

Alex Sharrin

JLL

Broker

$931.4M

vol

36 deals

Broker
Gideon Friedman

Gideon Friedman

Beachwold Residential

Seller

$516.6M

vol

5 deals

Seller
Walgreens
WalgreensTenant

Stamford 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

0.98%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93