Updated Oct 29, 2024
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
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