Updated Oct 28, 2024
Northeast Volleyball Club Acquires Commercial Property In Norwalk, CT For $8M
365 Martin Luther King Jr Drive, Norwalk, Connecticut 06854, United States
$8,000,000
$147/SF
Building Size
54,200 SF
Asset Type
Commercial
Closing
Apr 21, 2022
About this deal
AI
The commercial property located at 365 Dr Martin Luther King Jr Dr in Norwalk, CT has been sold. The property spans 2.67 acres and has a total square footage of 54,200. The sale took place on April 22, 2022, with a sale price of $8,000,000 and a price per square foot of $148.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $8,000,000
- Address: 365 Dr Martin Luther King Jr Dr, Norwalk, CT
- Market: Norwalk, CT
- Acreage: 2.67
- Square Footage: 54,200
During this transaction, the buyer was Northeast Volleyball Club, while Angel Commercial, LLC represented the seller, Jon Angel.
Players
Norwalk Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Browse Connecticut commercial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93