Greenwich Realty Development Acquires Office Building In Wilton, CT For $2.5M
SOLD
$2,500,000
Connecticut
See Similar DealsOffice10,871 SF
Sold 08/19/2022
SOLD
Greenwich Realty Development Acquires Office Building In Wilton, CT For $2.5M
12 Godfrey Place, Wilton, Connecticut 06897, United States
See Similar DealsOffice10,871 SF
Sold 08/19/2022
Summary
CONNECTICUT
Asset Type:Office
Price Per Square Foot:$230
Total Square Footage:10,871 SF
Transaction Type:Sale
An office property located at 12 Godfrey Place in Wilton, CT has been sold. The transaction took place on 08/19/2022 with a sale price of $2,500,000. The property spans 10,871 square feet, resulting in a price per square foot of $230.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,500,000
- Date: 08/19/2022
- Address: 12 Godfrey Place, Wilton, CT
- Market: Wilton, CT
The buyer of the property is Greenwich Realty Development, LLC. The sale was facilitated by Eva Kornreich from Angel Commercial, LLC. Eva Kornreich represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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