Fuller Development & Spinnaker Real Estate Partners Acquire Office & Industrial Property In Wilton, CT For $3.7M
SOLD
$3,700,000
Connecticut
See Similar DealsOffice47,040 SF
Sold 07/27/2020
SOLD
Fuller Development & Spinnaker Real Estate Partners Acquire Office & Industrial Property In Wilton, CT For $3.7M
141 Danbury Road, Wilton, CT 06897, USA
See Similar DealsOffice47,040 SF
Sold 07/27/2020
Summary
CONNECTICUT
Asset Type:Office
Price Per Square Foot:$78
Total Square Footage:47,040 SF
Transaction Type:Sale
The property involved in this transaction is an office and industrial asset located at 141 Danbury Road in Wilton, CT. The sale took place on July 27, 2021. The property spans a total of 47,040 square feet and was sold for a price of $3,700,000, resulting in a price per square foot of $79.
Summary of transaction details
- Property Type: Office & Industrial
- Sale Price: $3,700,000
- Square Footage: 47,040
- Price per Square Foot: $79
- Transaction Date: 07/27/2021
- Market: Wilton, CT
The buyers in this transaction are Fuller Development and Spinnaker Real Estate Partners. The deal was facilitated by CBRE brokers Louis Zuckerman, Tom Pajolek, and Pat Colwell.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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