TA Realty Acquires 10.5 Acre Retail Property In Fairfield, CT For $58M
330 Grasmere Ave, Fairfield, Connecticut 06824, United States
$58,000,000
$707/SF
Building Size
82,000 SF
Asset Type
Retail
Closing
May 1, 2022
AI
The retail property located at 330-350 Grasmere Ave in Fairfield, CT has been sold in a closed transaction. The property spans an area of 10.5 acres and is a valuable asset in the Fairfield market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $58,000,000
- Date: 05/02/2022
- Image: Michael Haggerty
TA Realty, represented by Michael Haggerty, has acquired the property. The deal was facilitated by JLL as the broker. The sale price of the property amounted to $58,000,000, with a total square footage of 82,000. This translates to a price per square foot of $707.
Fairfield Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93