Updated Dec 4, 2024
The Feil Organization Acquires Office Buildings In Westport, CT For $43M
285 Riverside Avenue, Westport, Connecticut 06880, United States
$43,000,000
$454/SF
Building Size
94,647 SF
Asset Type
Office
Closing
Feb 14, 2022
About this deal
AI
The Feil Organization has acquired the office property located at 285 & 355 Riverside in Westport, CT from Baywater Properties. The transaction took place on 02/15/2022. The property is a 94,647 square feet office building.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $43,000,000
- Address: 285 & 355 Riverside, Westport, CT
- Market: Westport, CT
The sale was brokered by Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, David Gavin, and Stuart MacKenzie from CBRE. They represented both the buyer, The Feil Organization, and the seller, Baywater Properties.
The sale price for the property was $43,000,000, resulting in a price per square foot of $454.
Players
Westport 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93