Updated Oct 28, 2024
Waterway Capital LLC Acquires Office Building In Westport, CT For $15M
422 Post Rd E, Westport, CT, USA
$15,000,000
$419/SF
Building Size
35,777 SF
Asset Type
Office
Closing
Oct 14, 2021
About this deal
AI
Waterway Capital LLC has acquired an office property located at 422 Post Rd E in Westport, CT. The property was sold by EWKAI Post Road Properties LLC for a total sale price of $15,000,000. The office space spans 35,777 square feet, resulting in a price per square foot of $419.
Summary of transation details
- Property Type: Office
- Transaction Amount: $15,000,000
- Address: 422 Post Rd E, Westport, CT
- Market: Westport, CT
The transaction was facilitated by CBRE, with the representation of brokers including Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, David Gavin, and Travis Langer.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93