Horvath & Tremblay Broker Matt Nadler & Mark Brockwell Sell Norwalk Retail For $7.7M
SOLD
$7,675,000
Connecticut
See Similar DealsRetail12,000 SF
Sold 08/20/2020
SOLD
Horvath & Tremblay Broker Matt Nadler & Mark Brockwell Sell Norwalk Retail For $7.7M
666 West Avenue, Norwalk, CT, USA
See Similar DealsRetail12,000 SF
Sold 08/20/2020
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$639
Total Square Footage:12,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$409,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,267.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,383.42
Annual Debt Service$436,600.99
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