facebook

traded

+ Submit
Home

/

Deals

/

Connecticut

/

Office

/

Sale

/

33 Riverside Avenue, Westpo...

The Feil Organization, Inc Acquires Office Property In Westport, CT For $16.5M
SOLDOffice

The Feil Organization, Inc Acquires Office Property In Westport, CT For $16.5M

33 Riverside Avenue, Westport, Connecticut 06880, United States

$16,500,000

$388/SF

Building Size

42,432 SF

Asset Type

Office

Closing

Aug 28, 2022

AI

The office property located at 33 Riverside Avenue in Westport, CT has been sold in a transaction. The property spans a total of 42,432 square feet and was sold for a price of $16,500,000, resulting in a price per square foot of $389.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $16,500,000
  • Address: 33 Riverside Avenue, Westport, CT
  • Market: Westport, CT

The buyer of the property is The Feil Organization, Inc, while Abbey Road Riverside LLC acted as the seller. The sale was facilitated by brokers Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, David Gavin, and Travis Langer from CBRE.

Players

Jeremy Neuer

JLL

Broker

$1.9B

vol

45 deals

Broker
The Feil Organization
The Feil OrganizationBrokerage
The Feil Organization
The Feil OrganizationBuyer

Westport 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

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93