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883 Black Rock Turnpike

Jaquel Patterson Acquires Office Building In Fairfield, CT For $1.95M
SOLDOffice

Jaquel Patterson Acquires Office Building In Fairfield, CT For $1.95M

883 Black Rock Turnpike

$1,950,000

$218/SF

Building Size

8,937 SF

Asset Type

Office

Closing

Dec 20, 2023

AI

Dr. Jaquel Patterson, founder of Fairfield Family Health, recently acquired a two-story office building at 883 Black Rock Turnpike in Fairfield, CT. The property was sold by Ury & Moskow for $1.95 million. The office building spans 8,937 square feet, resulting in a price per square foot of $218.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,950,000
  • Address: 883 Black Rock Turnpike
  • Market: Fairfield, CT

Ted Hoyt from Hodson Realty represented Jaquel Patterson as the buyer's representative in the deal, while Eva Kornreich from Angel Commercial represented Ury & Moskow as the seller's representative.

Players

Eva Kornreich

Angel Commercial

Broker

$8.4M

vol

3 deals

Broker

Fairfield 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

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93