Updated Dec 21, 2023
Marcus & Millichap Capital Corporation Secures $3.43M Loan For Mixed-Use Property In Wilton, CT
151 Old Ridgefield Road, Wilton, CT 06897
$3,430,000
$94/SF
Building Size
36,155 SF
Asset Type
Mixed-use
Closing
Dec 13, 2021
About this deal
AI
A mixed-use property located at 151 Old Ridgefield Road in Wilton, CT has recently undergone a closed transaction. The property consists of five units and is situated in a desirable market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,430,000
- Loan Terms: seven-year term, interest rate of 3.5 percent, structured with a 25-year amortization and a five-year treasury index rate
The transaction was facilitated by Steven Rock from Marcus & Millichap Capital Corporation. Steven Rock represented the buyer or seller's interests in this deal.
Players
Wilton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.62%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93