Wilton Medical Realty Purchases Office Property On Danbury Road, Wilton, CT For $17.1M
SOLD
$17,100,000
Connecticut
See Similar DealsOffice75,000 SF
Sold 12/03/2020
SOLD
Wilton Medical Realty Purchases Office Property On Danbury Road, Wilton, CT For $17.1M
60 Danbury Road, Wilton, CT, USA
See Similar DealsOffice75,000 SF
Sold 12/03/2020
Summary
CONNECTICUT
Asset Type:Office
Price Per Square Foot:$228
Total Square Footage:75,000 SF
Transaction Type:Sale
The office property at 60 Danbury Road in Wilton, CT was recently sold for a price of $17,100,000. The transaction took place on 12/03/2020. The property spans a total area of 75,000 square feet, resulting in a price per square foot of $228. The seller of the property was Davis Marcus Partners, represented by David Fiore. The buyer of the property was Wilton Medical Realty. The deal was facilitated by Rich Lee from OR&L.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $17,100,000
- Square Footage: 75,000
- Price per Square Foot: $228
- Seller: Davis Marcus Partners - David Fiore'
- Buyer: Wilton Medical Realty
- Broker: Rich Lee - OR&L
Davis Marcus Partners, represented by David Fiore, sold the office property located at 60 Danbury Road in Wilton, CT to Wilton Medical Realty. The deal was facilitated by Rich Lee from OR&L. This transaction marks a significant sale in the office market in Wilton, CT. The property offers a total area of 75,000 square feet and was sold for a price of $17,100,000, resulting in a price per square foot of $228.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$912,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,752.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,062.72
Annual Debt Service$972,752.69
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