Commercial Real Estate News
Acquisition & Disposition
Industrial Property in Orange, CT, Sells for $3,000,000
ORANGE, CT – FEBRUARY 6, 2023 – Commercial real estate firm Angel Commercial, LLC, announces Shawn Liu, a local resident and investor, has purchased a 36,952 Industrial property on 3.1 acres at 22 Prindle Hill Road in Orange, CT, for $3 Million. The seller was Maurer Metalcraft Associates, LLC, who held the property since 2008.
When Valley Tool & Manufacturing Inc., who had occupied the property for several decades, decided they needed a larger facility, the owner listed the property for sale with Angel Commercial, LLC. “We had a great deal of interest since industrial properties are in short supply and demand continues to increase,” states Jon Angel, President of Angel Commercial, LLC, who was the sole broker in this transaction. “We also assisted Valley Tool & Manufacturing with their commercial real estate acquisition needs by assembling seven adjacent properties to provide 8.16 acres of land to accommodate a planned 100,000-square-foot state-of-the-art facility at 132 Shelland Street in Milford, CT.”
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.