Updated Oct 28, 2024
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
About this deal
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:
- Property Type: Office
- Transaction Amount: $72,000,000
- Price per Square Foot: $142
- Buyer: George Comfort & Sons, & AVG partners
- Seller: Spectrum Stamford
- Brokers: Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, Travis Langer & Meredith LaPier - CBRE
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
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