Updated Oct 28, 2024
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
About this deal
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
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