Commercial Real Estate News
Acquisition & Disposition
NYC Equity Firm Acquires Milford Commercial Property for $7 Million
MILFORD, CT – January 18, 2022: Greyhill Group, a New York real estate private equity firm, has purchased a commercial property at 881 Boston Post Road in Milford, CT, for $7,000,000, announced Jon Angel, President of Angel Commercial, LLC, a commercial real estate firm in Southport, CT. The seller was GJS Properties, LLC, from Fairfield, CT.
Tesla, Inc. (NASDAQ: TSLA) leases a portion of this 70,001 square foot building on 3.24 acres as a showroom and service center for its electric vehicles. “This property caught the attention of many commercial real estate investors,” states Angel, who was the sole broker in this transaction. “Having Tesla as a tenant significantly strengthened the appeal of this investment, and with frontage on Route 1 (Boston Post Road), this two-story building has excellent visibility and prominent street signage.” The building features heavy power, a wet sprinkler system, and a security alarm system.
Currently, there is 47,867 SF of warehouse space available for lease. The warehouse space spans two levels and features four interior loading docks (one with a leveler), five drive-in doors, a 12’-18′ ceiling height, and 121 parking spaces.
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 www.angelcommercial.com.