Sikorsky Credit Union Acquires Retail Property At 1643 Post Road In Fairfield For $2.6M
1643 Post Road
$2,600,000
$959/SF
Building Size
2,709 SF
Asset Type
Retail
Closing
Aug 15, 2025
AI
Sikorsky Credit Union purchased a retail property located at 1643 Post Road in Fairfield, CT. The transaction occurred on August 15, 2025, with a sale price of $2,600,000 for a total of 2,709 square feet, resulting in a price per square foot of $960.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 1643 Post Road
- Market: Fairfield, CT
- Buyer: Sikorsky Credit Union
- Seller: Post Road Fairfield, LLC
- Broker Representatives: Scott Peterson & Charlene O’Connell - Choyce Peterson
- Square Footage: 2,709
- Price Per Square Foot: $960
The deal was facilitated by brokers Scott Peterson and Charlene O’Connell, who successfully managed multiple offers due to the property's advantageous downtown location and existing drive-through banking infrastructure. This acquisition marks Sikorsky Credit Union's first brick-and-mortar location in the town of Fairfield.
Players
Fairfield Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93