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141 Danbury Road, Wilton, C...

Fuller Development & Spinnaker Real Estate Partners Acquire Office & Industrial Property In Wilton, CT For $3.7M
SOLDOffice

Fuller Development & Spinnaker Real Estate Partners Acquire Office & Industrial Property In Wilton, CT For $3.7M

141 Danbury Road, Wilton, CT 06897, USA

$3,700,000

$78/SF

Building Size

47,040 SF

Asset Type

Office

Closing

Jul 27, 2020

AI

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.

Players

Louis Zuckerman

CBRE

Broker

$15.6M

vol

3 deals

Broker
SP
Spinnaker Real Estate PartnersBuyer

Wilton 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