Updated Oct 28, 2024
Angel Commercial, LLC Acquires Retail Property In Norwalk, CT For $2.75M
588 Main Avenue, Norwalk, Connecticut 06851, United States
$2,750,000
$479/SF
Building Size
5,732 SF
Asset Type
Retail
Closing
Sep 29, 2022
About this deal
AI
The retail property located at 588 Main Avenue in Norwalk, CT was recently sold. The transaction took place on September 30, 2022, and was facilitated by Bryan Atherton & Matt Renzulli of Coldwell Banker Commercial. The property, spanning 5,732 square feet, was sold for a total price of $2,750,000, resulting in a price per square foot of $480.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,750,000
- Date: 09/30/2022
- Address: 588 Main Avenue, Norwalk, CT
- Market: Norwalk, CT
- Buyer: Angel Commercial, LLC
- Seller: JA Real Property Corp. Inc
- Broker: Bryan Atherton & Matt Renzulli - Coldwell Banker Commercial
Angel Commercial, LLC acted as the buyer in this transaction, while JA Real Property Corp. Inc served as the seller. Bryan Atherton & Matt Renzulli from Coldwell Banker Commercial represented the buyer throughout the deal process.
Players
Norwalk 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93