Commercial Real Estate News
Acquisition
Doyle Insurance Group, LLC, Acquires Fairfield Office Building for $1.375 Million
FAIRFIELD, CT – December 11, 2018 – The Doyle Insurance Group, LLC, has purchased an office building located at 45 Sherman Street in Fairfield Connecticut, for $1,375,000 announced Jon Angel, President of Southport-based Angel Commercial, L.L.C. They are currently leasing space in Southport, Connecticut, and will be moving to 45 Sherman Street within sixty days.
“Changing from a tenant to a property owner demonstrates the firm’s commitment to being part of Fairfield’s vibrant business community,” states Angel who represented the buyer in this transaction.
The primary building is a two-story structure consisting of 4,558 gross square feet with a carriage house of 1,217 gross square feet collectively on 0.13 acres in a Center Designed Business District (CDD) zone. The location in Fairfield Center is minutes to I-95, and within walking distance to the Fairfield Train Station. Both structures have been fully renovated within the last two years.
The Doyle Insurance Group, LLC, provides personalized insurance services to their clients. They offer a wide range of property and liability insurance solutions. “We have a philosophy that a personal approach to insurance makes a big difference in the level of care, solutions, and benefits our clients receive,” states Tim Doyle, owner of Doyle Insurance Group.
Bruce Wettenstein, SIOR, of Vidal/Wettenstein of Westport, was the listing broker for the selling entity, Valor Investments, LLC.
Angel Commercial, L.L.C. is a full-service commercial real estate brokerage firm that specializes in the acquisition, disposition, and leasing of office, industrial, retail, multi-family, development, and investment properties on a local and national level. They are the recipient of CoStar’s Power Broker Firm Award for 13 consecutive years. Visit Angel Commercial, L.L.C. on the web at www.angelcommercial.com.
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