Chad Bernstein & Mike Moran Of SWP Acquisitions Buy Retail Asset In Norwalk For $12.85M
607 Main Avenue
$12,850,000
$332/SF
Building Size
38,662 SF
Asset Type
Retail
Closing
Sep 23, 2025
AI
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
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
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93