750 Associates, LLC Acquires Retail Property In Fairfield, CT For $3.9M
750 Post Road, Fairfield, CT, USA
$3,905,000
$607/SF
Building Size
6,424 SF
Asset Type
Retail
Closing
Oct 18, 2020
AI
The retail property located at 750 Post Road & 42 Eliot Street in Fairfield, CT has been sold. The transaction took place on 10/19/2020 for a total sale price of $3,905,000. The property is owned by SERRE Limited Liability Company and the buyer is 750 Associates, LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,905,000
- Address: 750 Post Road & 42 Eliot Street, Fairfield, CT
- Market: Fairfield, CT
The deal was facilitated by Jon Angel of Angel Commercial who represented both the seller, SERRE Limited Liability Company, and the buyer, 750 Associates, LLC.
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
4.06%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93