For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 25 Van Zant Street is the collateral for the sale of a $2.1 million non-performing loan (the “Loan”) secured by a 265,000-square-foot, multi-tenant industrial building on 5.25 acres in Norwalk, Connecticut. The fixed-rate Loan bears interest at 12.75%, carries a 17.75% default rate, and matured on September 30, 2026, with a payoff amount of $2,140,151.54 as of that date and late charges of $107,007.58 reported as of October 10, 2026. The Loan is supported by a guaranty of non-recourse obligations and an equity pledge from sponsor Winthrop E. Baum. Originally constructed in 1923 and renovated in 1985, the Property features 2,400-amp, 480-volt, three-phase power, wet sprinkler systems, two drive-in doors, 25-foot by 25-foot column spacing and approximately 500 surface parking spaces. Zoned Light Industrial #1 within Fairfield County’s Norwalk submarket, the Property is a seven-minute walk from East Norwalk station and offers access to I-95, the Merritt Parkway and U.S. Route 7. The offering presents investors with the opportunity to acquire a non-performing loan secured by a multi-tenant industrial asset with heavy power infrastructure in coastal Fairfield County, approximately 35 miles northeast of Manhattan.
Due Diligence
Location
25 Van Zant Street sits within Fairfield County’s Norwalk submarket, about 35 miles northeast of Manhattan, among established commercial and industrial uses. East Norwalk Metro-North station is a 7-minute walk, South Norwalk station is a 16-minute walk, and I-95, the Merritt Parkway, and U.S. Route 7 link tenants and workers to employment centers across the region.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
