Leifer Properties Sells Medical Facility & Office Assets In Westport, CT For $19.35M
125 Kings Highway North, Westport, Connecticut 06880, United States
$19,350,000
Building Size
—
Asset Type
Office
Closing
Dec 20, 2021
AI
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
Westport Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93