Updated May 29, 2026
LMP Capital Partners Acquires Development Site In Stamford Connecticut For $7.5M
Building Size
7,500 SF
Asset Type
Development Site
Closing
May 26, 2026
About this deal
AI
The asset involved in this transaction is a development site located in Stamford, CT, covering a square footage of 7,500. The transaction emphasizes LMP Capital Partners' strategic off-market acquisition approach within a strong submarket of Fairfield County.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Buyer: Robert Lombardo, Andrew Powers & Michael McGuire - LMP Capital Partners
- Date of Transaction: 5/27/2026
- Market: Stamford, CT
Robert Lombardo, Andrew Powers, and Michael McGuire are key individuals in this transaction representing LMP Capital Partners, which aims to enhance its portfolio by adding value through future development potential. The firm is focused on community-oriented redevelopment as part of its ongoing strategic expansion.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93