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Chad Bernstein & Mike Moran Of SWP Acquisitions Buy Retail Asset In Norwalk For $12.85M

Property Image
SOLD
$12,850,000

Connecticut

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Retail38,662 SF
Sold 09/24/2025
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Property Image
SOLD

Chad Bernstein & Mike Moran Of SWP Acquisitions Buy Retail Asset In Norwalk For $12.85M

607 Main Avenue

See Similar Deals
Retail38,662 SF
Sold 09/24/2025
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$332
Total Square Footage:38,662 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 607 Main Avenue, Norwalk, CT. The sale was finalized for a price of $12,850,000, encompassing a total square footage of 38,662 and a price per square foot of $332.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $12,850,000
  • Sale Date: 9/24/2025
  • Buyer: Chad Bernstein & Mike Moran - SWP Acquisitions
  • Seller: James Murray & David Gaunt - Murray & Gaunt Partners
  • Broker: Jeff Kintzer
  • Note: Center Seven is a shopping center anchored by Starbucks & AFC Urgent Care.

This transaction features Chad Bernstein and Mike Moran representing SWP Acquisitions as the buyers, while the sellers, James Murray and David Gaunt, are partners in Murray & Gaunt Partners. Jeff Kintzer acted as the broker overseeing the sale. The deal highlights a significant investment in a well-positioned retail space within the Norwalk market.

Players

Jeff Kintzer
Jeff Kintzer
7 deals$111.7M volume
BROKER

Details

SOLD
IMAGE: Jeff Kintzer DATE: 9/24/2025 ADDRESS: 607 Main Avenue MARKET: Norwalk, CT ASSET TYPE: Retail BUYER: Chad Bernstein & Mike Moran - SWP Acquisitions SELLER: James Murray & David Gaunt - Murray & Gaunt Partners BROKER: Jeff Kintzer (@RoyalPropertiesInc) SALE PRICE: $12,850,000 SF: 38,662 ~ PPSF: $332 NOTE FROM BROKER: Center Seven is shopping center anchored by Starbucks & AFC Urgent Care

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$685,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$45,653.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,915.56
Annual Debt Service$730,986.67