Walmart Acquires Retail Property From James Murray & David Guant For $44.5M In Norwalk CT
650 Main Avenue
$44,500,000
$269/SF
Building Size
165,409 SF
Asset Type
Retail
Closing
Sep 29, 2025
AI
The retail property located at 650 Main Avenue in Norwalk, CT, was sold for $44,500,000. This asset encompasses a total square footage of 165,409 and is priced at approximately $269 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $44,500,000
- Address: 650 Main Avenue
- Market: Norwalk, CT
- Buyer: Walmart
- Seller: James Murray & David Guant - Murray & Guant Partners
- Broker: Jeff Kintzer
- Square Footage: 165,409
- Price Per Square Foot: $269
The transaction was facilitated by broker Jeff Kintzer, representing the interests of the parties involved. James Murray and David Guant, from Murray & Guant Partners, served as the sellers in this deal, while Walmart acted as the buyer of the retail property.
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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93