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
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