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9 Old Kings Highway South, ...

CBRE Brokers Sell Darien, CT Office For $21.1M
SOLDOffice

CBRE Brokers Sell Darien, CT Office For $21.1M

9 Old Kings Highway South, Darien, Connecticut 06820, United States

$21,100,000

$297/SF

Building Size

70,928 SF

Asset Type

Office

Closing

Sep 20, 2022

AI

An office property located at 9 Old Kings Highway in Darien, CT has been sold for a price of $21,100,000. The property spans across 70,928 square feet, equating to a price per square foot of $298. The transaction took place on September 21, 2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $21,100,000
  • Address: 9 Old Kings Highway, Darien, CT
  • Market: Darien, CT

The seller of the property was Hall Investments. The brokers involved in the deal were Jeffrey Dunne, Steve Bardsley, David Gavin, Jeremy Neuer, and Travis Langer, representing CBRE.

Players

Jeremy Neuer

JLL

Broker

$1.9B

vol

45 deals

Broker

Darien 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

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93