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1032 Post Road East, Westpo...

Updated Oct 28, 2024

1032 PRE, LLC Sells Westport Office For $3.7M With Franco Fellah - HK Group As The Broker
SOLDOffice

1032 PRE, LLC Sells Westport Office For $3.7M With Franco Fellah - HK Group As The Broker

1032 Post Road East, Westport, CT 06880, USA

$3,700,000

$583/SF

Building Size

6,343 SF

Asset Type

Office

Closing

Jul 23, 2020

About this deal

AI

Located at 1032 Post Road East in Westport, CT, this office property was recently sold in a transaction facilitated by Franco Fellah of HK Group. The seller, 1032 PRE, LLC, successfully closed the deal on July 23, 2021, for a sale price of $3,700,000. The property spans 6,343 square feet and sits on a 0.43 acre lot in the Westport market. With a price per square foot of $583, this transaction showcases the value of this office asset.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,700,000
  • Address: 1032 Post Road East, Westport, CT
  • Seller: 1032 PRE, LLC
  • Broker: Franco Fellah - HK Group
  • Square Footage: 6,343
  • Price Per Square Foot: $583
  • Lot Size: 0.43 acres

Franco Fellah, representing HK Group, played a pivotal role in successfully closing this office property sale in Westport, CT. The transaction highlights the strong market demand for office assets in the area, as evidenced by the competitive sale price achieved. Both the seller, 1032 PRE, LLC, and the broker, Franco Fellah, deserve recognition for their contributions to this successful deal.

Players

Franco Fellah

Broker

$21.8M

vol

3 deals

Broker

Westport Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $583 per square foot on a published $3.7M for 6,343 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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