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650 Main Avenue

Walmart Acquires Retail Property From James Murray & David Guant For $44.5M In Norwalk CT
SOLDRetail

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

Jeff Kintzer

Broker

$111.7M

vol

7 deals

Broker
W
WalmartBuyer

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