Walmart Acquires Retail Property From James Murray & David Guant For $44.5M In Norwalk CT
SOLD
$44,500,000
Connecticut
See Similar DealsRetail165,409 SF
Sold 09/30/2025
SOLD
Walmart Acquires Retail Property From James Murray & David Guant For $44.5M In Norwalk CT
650 Main Avenue
See Similar DealsRetail165,409 SF
Sold 09/30/2025
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$269
Total Square Footage:165,409 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$158,099.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$210,952.70
Annual Debt Service$2,531,432.43
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