Sentinel Real Estate Acquires Mixed-Use Property In Norwalk, CT For $53M
SOLD
$53,000,000
Connecticut
See Similar DealsMixed-use145,000 SF
Sold 12/17/2020
SOLD
Sentinel Real Estate Acquires Mixed-Use Property In Norwalk, CT For $53M
55 North Water Street, Norwalk, CT, USA
See Similar DealsMixed-use145,000 SF
Sold 12/17/2020
Summary
CONNECTICUT
Asset Type:Mixed-use
Price Per Square Foot:$365
Total Square Footage:145,000 SF
Transaction Type:Sale
The mixed-use property located at 55 N. Water Street in Norwalk, CT has been sold in a recent transaction. The sale was facilitated by Aaron Jungreis of Rosewood Realty Group, representing the buyer, Sentinel Real Estate, and Michael Streicker. The seller in this transaction was Avenue Realty Capital.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $53,000,000
- Date: 12/17/2020
- Address: 55 N. Water Street, Norwalk, CT
- Market: Norwalk, CT
- Square Footage: 145,000 SF
- Price per Square Foot: $366
This transaction highlights the successful collaboration between Sentinel Real Estate, represented by Michael Streicker, and Aaron Jungreis of Rosewood Realty Group. The sale of this mixed-use property at 55 N. Water Street in Norwalk, CT marks a significant deal in the local market.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$188,297.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$251,247.04
Annual Debt Service$3,014,964.47
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