Commercial Real Estate News
Acquisition & Disposition
Milford Property Sells for $4,250,000 for New Dealership
MILFORD, CT – FEBRUARY 3, 2020: 230 Old Gate Lane, LLC, is planning a new truck dealership at 230 Old Gate Lane, in Milford, CT, announced Jon Angel, President of Angel Commercial, LLC, a commercial real estate firm based in Southport, CT. They have purchased a 40,809 square foot building on 9.26 acres for $4,250,000.
Previously owned by CLS Milford LLC, the property is in a prime commercial area with immediate access to I-95, Exit 40, and surrounded by both retail and industrial companies. It neighbors the Connecticut Post Mall on the opposite side of the highway.
“The new dealership will create new employment opportunities in Milford,” states Angel, who was the sole broker in this transaction. “Easy access to I-95 along with highway visibility played critical roles in the site selection.”
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 on a local and national level. Visit Angel Commercial, LLC, on the web at www.angelcommercial.com.