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992 High Ridge Rd, Stamford...

Updated Oct 29, 2024

Kolich Holdings LLC Acquires 12500 SF Property At 992 High Ridge Rd Stamford With Enzennio Mallozzi As Buyer's Representative
SOLDOffice

Kolich Holdings LLC Acquires 12500 SF Property At 992 High Ridge Rd Stamford With Enzennio Mallozzi As Buyer's Representative

992 High Ridge Rd, Stamford, CT, 069...

Building Size

12,500 SF

Asset Type

Office

Closing

Sep 11, 2017

About this deal

AI

The transaction involves the sale of three office buildings located at 992 High Ridge Rd, Stamford, CT. The total floor area of the properties is 52,000 square feet, with 12,500 square feet at the address mentioned. The sale price is $7,571,814 in the Stamford market.

Summary of transaction details:

  • Property Type: office buildings
  • Transaction Amount: $7,571,814
  • Buyer: Kolich Holdings LLC
  • Buyer's Representative: Enzennio Mallozzi - Colliers International
  • Total Square Footage: 52,000
  • Address: 992 High Ridge Rd, Stamford, CT

Colliers International orchestrated the sale, with Enzennio Mallozzi serving as the managing director of the Stamford office. The buyer, Kolich Holdings LLC, plans to execute substantial renovations, including upgrades to common areas, exterior facades, parking lots, and landscaping. The seller's identity has not been disclosed.

Players

Enzennio Mallozzi

Colliers

Broker

3 deals

Broker
KL
Kolich Holdings LLCBuyer

Stamford 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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