Valley East Management Acquires Mixed-use Property In Fairfield, CT For $10M
2150 Post Road, Fairfield, CT, USA
$10,000,000
$196/SF
Building Size
50,880 SF
Asset Type
Mixed-use
Closing
Jan 13, 2021
AI
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.
Players
Fairfield Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93