Updated Dec 21, 2023
Horvath & Tremblay Broker Matt Nadler & Mark Brockwell Sell Norwalk Retail For $7.7M
666 West Avenue, Norwalk, CT, USA
$7,675,000
$639/SF
Building Size
12,000 SF
Asset Type
Retail
Closing
Aug 20, 2020
About this deal
AI
Located at 666 West Avenue in Norwalk, CT, this retail property was recently sold for a total of $7,675,000. The transaction took place on August 20, 2021. The property spans across 12,000 square feet, resulting in a price per square foot of $640.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,675,000
- Address: 666 West Avenue, Norwalk, CT
- Market: Norwalk, CT
- Square Footage: 12,000
The deal was facilitated by the brokers Mark Brockwell and Matt Nadler, who represented the buyer and seller respectively. They are associated with the agency Horvath & Tremblay.
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
2.07%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93