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187 Danbury Road, Wilton, C...

Time Equities Inc Acquires Office Building In Wilton, CT For $10.7M
SOLDOffice

Time Equities Inc Acquires Office Building In Wilton, CT For $10.7M

187 Danbury Road, Wilton, CT, USA

$10,700,000

$78/SF

Building Size

136,531 SF

Asset Type

Office

Closing

Jan 21, 2021

AI

An office asset located at 187 Danbury Road in Wilton, CT was recently sold for a price of $10,700,000. The property spans a total area of 136,531 square feet, which translates to a price per square foot of $78. The transaction took place on January 22, 2021.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $10,700,000
  • Address: 187 Danbury Road, Wilton, CT
  • Market: Wilton, CT

Davis Marcus Partners served as the seller in this transaction, while Time Equities Inc, represented by Max Pastor, acted as the buyer. The sale was facilitated by a team of brokers from CBRE, including Jeffrey Dunne, Steven Bardsley, David Gavin, Jeremy Neuer, Gene Pride, and Stuart MacKenzie.

Players

Gene Pride

Newmark

Broker

$1.6B

vol

22 deals

Broker

Max Pastor

Time Equities

Buyer

$42.8M

vol

3 deals

Buyer

Davis Marcus

Davis Marcus Partners

Seller

$20.7M

vol

2 deals

Seller

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

1.48%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93