Commercial Real Estate News
Acquisition & Disposition
Former Bank of America Building Sells for $1.825 Million
FAIRFIELD, CT – JANUARY 30, 2023 – Commercial real estate firm Angel Commercial, LLC, announces 1320 KHC Assoc. LLC, an investment firm, has purchased a 5,440 SF commercial property on 0.89 acres at 1320 Kings Highway Cutoff in Fairfield, CT, for $1,825,000. The seller was 1320 Kings Highway LLC.
“This was an off-market deal,” states Jon Angel, President of Angel Commercial, LLC, who was the sole broker in this transaction. “The property had been leased to Bank of America for several decades until this branch closed in 2020 as BOA modified its regional footprint. The property is currently available for lease and features a canopied drive-thru with four bays. It is minutes to I-95, across from McDonald’s, and close to Marshall’s, CVS, and DSW.”
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 angelcommercial.com.