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400 Atlantic Street, Stamfo...

George Comfort & Sons And AVG Partners Acquire Office Building In Stamford For $72M
SOLDOffice

George Comfort & Sons And AVG Partners Acquire Office Building In Stamford For $72M

400 Atlantic Street, Stamford, Connecticut 06901, United States

$72,000,000

$141/SF

Building Size

508,043 SF

Asset Type

Office

Closing

May 3, 2022

AI

The office property located at 400 Atlantic St in Stamford, CT has been sold. The property spans a total area of 508,043 square feet and is classified as an office asset. The sale took place on May 4, 2022.

Summary of Transaction Details:

The buyer of the property is George Comfort & Sons, along with AVG partners. The seller in this transaction is Spectrum Stamford. The deal was facilitated by brokers Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, Travis Langer, and Meredith LaPier from CBRE.

Players

Jeremy Neuer

JLL

Broker

$1.9B

vol

45 deals

Broker

George Comfort

Sons

Buyer

$219.5M

vol

9 deals

Buyer

Stamford 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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93