Time Equities Inc Acquires Office Building In Wilton, CT For $10.7M
SOLD
$10,700,000
+ 5
Connecticut
See Similar DealsOffice136,531 SF
Sold 01/22/2021
SOLD
Time Equities Inc Acquires Office Building In Wilton, CT For $10.7M
187 Danbury Road, Wilton, CT, USA
See Similar DealsOffice136,531 SF
Sold 01/22/2021
+ 5
Summary
CONNECTICUT
Asset Type:Office
Price Per Square Foot:$78
Total Square Footage:136,531 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$570,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51
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