Commercial Real Estate News
Kaster Moving Company Acquires a 87,150 SF Building at 400 Long Beach Boulevard, Stratford, CT for $5.15 Million
Stratford, CT – August 14, 2015 – Jon Angel, President Angel Commercial LLC, a Southport-based commercial real estate brokerage firm, announces the sale of an 87,150 SF industrial building at 400 Long Beach Boulevard, Stratford for $5,150,000.00 to Kaster Moving Company.
Kaster Moving Company was founded in 1977 and currently operates out of Stamford and Stratford. The purchase of 400 Long Beach Boulevard will be a new location for the company, giving them additional space to offer further storage solutions in addition to their relocation and packing services. The building has been acquired with an existing tenant occupying 32% of the building and the remaining space will be utilized by Kaster.
400 Long Beach Boulevard was originally constructed for Associated Foods in 1978 as a primary distribution center for regional supermarkets.
“The building has 17 loading docks, ceilings up to 28’ and located less than 1 mile from I-95, making it ideal for the new owner-occupant,” comments Angel, who represented the seller, 400 Long Beach Limited Partnership.