Updated Oct 28, 2024
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
Westport Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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