Commercial Real Estate News
Acquisition & Disposition
CT Investor Acquires Norwalk Commercial Property for $1.525 Million
NORWALK, CT – January 24, 2022: Elmcrest Inc., a Connecticut real estate investor, has purchased a commercial property at 12 Elmcrest Terrace in Norwalk, CT, for $1,525,000, announced Jon Angel, President of Angel Commercial, LLC, a commercial real estate firm in Southport, CT. The seller was Taloney Associates, LLC, from Norwalk, CT.
12 Elmcrest Terrace is a fully leased 7,890 SF mixed-use building on 0.49 acres in a D Residence Zone in Norwalk, CT. “This is a sale/lease back transaction,” states Jon Angel, the sole broker in this transaction. “Urology Associates of Norwalk have a long-term lease and will remain in the commercial portion of the building. The two apartments are rented to medical professionals at Norwalk Hospital, located directly across the street from the subject asset. Furthermore, we continue to see strong interest from the investor market seeking fully leased opportunities.”
Angel Commercial, LLC, is an award-winning full-service commercial real estate brokerage firm headquartered in Fairfield County, Connecticut. The company specializes in the acquisition, disposition, and leasing of office, industrial, retail, land, investment, and development properties locally and nationally. Visit Angel Commercial, LLC, on the web at www.angelcommercial.com.