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
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