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
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
Loading comparables…
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