Yaraghi Realty Acquires Retail Property In Stamford, CT For $20.1M
SOLD
$20,100,000
Connecticut
See Similar DealsRetail760,000 SF
Sold 10/26/2020
SOLD
Yaraghi Realty Acquires Retail Property In Stamford, CT For $20.1M
100 Greyrock Place, Stamford, CT, USA
See Similar DealsRetail760,000 SF
Sold 10/26/2020
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$26
Total Square Footage:760,000 SF
Transaction Type:Sale
The retail property located at 100 Greyrock Place in Stamford, CT has been sold for $20,100,000. The property spans an area of 760,000 square feet, resulting in a price per square foot of $26. The transaction took place on 10/26/2020.
Summary of Transaction Details
- Property Type: Retail
- Sale Price: $20,100,000
- Square Footage: 760,000
- Price per Square Foot: $26
- Transaction Date: 10/26/2020
- Market: Stamford, CT
- Seller: Taubman Centers
- Buyer: Yaraghi Realty
- Seller's Representative: Christopher Hoffmann & Steven Livaditis - Eastdil Secured
- Buyer's Representative: Christian Bangert - Newmark
This transaction was facilitated by Christopher Hoffmann & Steven Livaditis from Eastdil Secured, representing the seller, Taubman Centers. Christian Bangert from Newmark represented the buyer, Yaraghi Realty. The sale of this retail property marks a significant transaction in Stamford's real estate market.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,072,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,411.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$95,284.25
Annual Debt Service$1,143,411.05
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