Valley East Management Acquires Mixed-use Property In Fairfield, CT For $10M
SOLD
$10,000,000
+ 4
Connecticut
See Similar DealsMixed-use50,880 SF
Sold 01/14/2021
SOLD
Valley East Management Acquires Mixed-use Property In Fairfield, CT For $10M
2150 Post Road, Fairfield, CT, USA
See Similar DealsMixed-use50,880 SF
Sold 01/14/2021
+ 4
Summary
CONNECTICUT
Asset Type:Mixed-use
Price Per Square Foot:$196
Total Square Footage:50,880 SF
Transaction Type:Sale
2150 Post Road, a mixed-use property located in Fairfield, CT, was recently sold in a transaction handled by CBRE. The property, measuring 50,880 square feet, was sold for a total of $10,000,000, resulting in a price per square foot of $197. The seller, Davis Marcus Partners, finalized the deal with the buyer, Valley East Management.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 2150 Post Road, Fairfield, CT
- Market: Fairfield, CT
The transaction was facilitated by CBRE's team, which included Jeffrey Dunne, Steven Bardsley, David Gavin, Jeremy Neuer, Gene Pride, and Stuart MacKenzie. Their expertise and experience were instrumental in the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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