Leifer Properties Sells Medical Facility & Office Assets In Westport, CT For $19.35M
SOLD
$19,350,000
+ 4
Connecticut
See Similar DealsOffice
Sold 12/20/2021
SOLD
Leifer Properties Sells Medical Facility & Office Assets In Westport, CT For $19.35M
125 Kings Highway North, Westport, Connecticut 06880, United States
See Similar DealsOffice
Sold 12/20/2021
+ 4
Summary
CONNECTICUT
Asset Type:Office
Transaction Type:Sale
A medical facility and office building located at 125-131 Kings Hwy. North, 728 Post Rd. East, and 1465 Post Rd. East in Westport, CT, has been sold for a price of $19,350,000. The property was sold by Leifer Properties.
Summary of transaction details
- Property Type: Medical Facility & Office
- Sale Price: $19,350,000
- Address: 125-131 Kings Hwy. North, 728 Post Rd. East & 1465 Post Rd. East, Westport, CT
- Market: Westport, CT
The sale of this property was facilitated by Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, David Gavin, Richard Gatto, Fahri Ozturk, and Travis Langer from CBRE acting as the brokers for Leifer Properties.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,032,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$68,746.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$91,728.87
Annual Debt Service$1,100,746.46
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