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2150 Post Road, Fairfield, ...

Valley East Management Acquires Mixed-use Property In Fairfield, CT For $10M
SOLDMixed-use

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

Gene Pride

Newmark

Broker

$1.6B

vol

22 deals

Broker
VM
Valley East ManagementBuyer

Davis Marcus

Davis Marcus Partners

Seller

$20.7M

vol

2 deals

Seller

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