Commercial Real Estate News
Acquisition & Disposition
NYC Investor Acquires North Haven Industrial Property for $1.6 Million from AAA Northeast
NORTH HAVEN, CT – December 13, 2021: Commercial real estate investor Moses Singer of New York has purchased 27-45 Dodge Avenue in North Haven, CT, an industrial property, for $1,600,000, announced Jon Angel, President of Angel Commercial, LLC, a commercial real estate firm in Southport, CT. The property was previously owner-occupied by AAA Northeast for its regional automotive services facility serving its members in Fairfield, Litchfield, and New Haven counties in Connecticut.
“AAA was delighted to accommodate Mr. Singer in his expansion into the Connecticut market,” states Julie Barrett, the Club’s Director of Real Estate. Headquartered in Providence, Rhode Island, AAA Northeast is one of the largest not-for-profit organizations providing advocacy for all motorists and specialized services for its 5.7 million members. Services include automotive, financial, insurance, and travel throughout parts of New York, New Jersey, Connecticut, New Hampshire, and all of Rhode Island and Massachusetts.
“We continue to see an increasing demand for industrial properties, and with warehouse vacancies at a record low, the property was a smart acquisition for this investor,” states Angel, who was the sole broker in this transaction.
The property consists of two buildings on 2.67 acres minutes to major thoroughfares in a Light Industrial (IL-80) zone with a fenced gated secure parking lot. The 28,700 SF concrete/cinder block building features a 12′-16.5′ ceiling height, three loading docks, and five drive-in doors. The 10,000 SF concrete/cinder block building features a 17.5′ ceiling height, two loading docks, and one drive-in door.
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.