Updated Sep 9, 2024
CBRE Sells 23 Old Kings Highway Office Building In Darien, CT For $4.3M
23 Old Kings Highway South Darien, Connecticut 06820, USA
$4,300,000
$167/SF
Building Size
25,713 SF
Asset Type
Office
Closing
Aug 21, 2023
About this deal
AI
The boutique office building located at 23 Old Kings Highway in Darien, CT has been sold for a price of $4.3 million. This property, which spans 25,713 square feet, is currently 86% leased. The sale price per square foot is approximately $167.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,300,000
- Address: 23 Old Kings Highway, Darien, CT
- Market: Darien, CT
- Square Footage: 25,713
- Price per Square Foot: $167
The sale of this office building involved the following brokers from CBRE: Daniel Blumenkrantz, Jeffrey Dunne, Steven Bardsley, and Travis Langer. They played a crucial role in facilitating the transaction and ensuring a successful deal.
Players
Darien 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93