Commercial Real Estate News
Investor Purchases Two Adjacent Fairfield Buildings for $8.2 Million in Off-Market Transaction
FAIRFIELD, CT – APRIL 24, 2018 – Two adjacent office buildings at 328 & 338 Commerce Drive in Fairfield, CT, sold in a single transaction for $8.2 Million, announced Jon Angel, President of Angel Commercial, LLC, a commercial real estate firm based in Southport, CT. The total building area is 48,958 SF on 1.91 acres of land.
The sellers were 328 Commerce Drive, LLC, and 338 Commerce Drive, LLC. The buyer was CDR-328, LLC. This was an off-market transaction handled solely by Angel Commercial, LLC.
“There are no planned changes at the buildings and the transition to the new entity should be seamless with respect to the current tenancy,” states Angel. “The acquisition of both buildings provides frontage on Commerce Drive as well as Halley Court.” Angel Commercial, LLC, has been retained for future leasing representation of the assets going forward.
Angel Commercial, L.L.C. is a full-service commercial real estate brokerage firm headquartered in Fairfield County, Connecticut. The company specializes in the acquisition, disposition, and leasing of office, industrial, multifamily and retail properties on a local and national level. Visit Angel Commercial, L.L.C. on the web at www.angelcommercial.com.