Commercial Real Estate News
Milford’s Quarry Road Business Park Sells for $5 Million
MILFORD, CT – January 3, 2017 – Jon Angel, President of Southport-based Angel Commercial, L.L.C., announces the Quarry Road Business Park, located at 260-284 Quarry Road in Milford, CT, has sold for $5 million.
“Over the last two years, our firm implemented an asset stabilization plan,” states Angel. “This entailed identifying areas in need of improvement which included structural and mechanical upgrades along with parking lot repairs. Upon completion, we reintroduced the property for lease and once we achieved a 90% occupancy rate, the seller elected to offer the premises for sale.” Angel Commercial, LLC, represented the seller.
The Quarry Road Business Park, an 83,580 square foot flex property that occupies 7.7 acres, is just minutes from I-95 making it a convenient location for many businesses.
Angel Commercial, L.L.C. is a full-service real estate brokerage firm headquartered in Fairfield County, Connecticut. The company specializes in the acquisition, disposition and leasing of office, industrial, multi-family and retail properties on a local and national level. Visit Angel Commercial, L.L.C. on the web at www.angelcommercial.com.