Commercial Real Estate News
Westport Office Building Sells for $2.2 Million
WESTPORT, CT – April 4, 2017 – Brett A. Sherman, CCIM, Senior Vice President of Southport-based Angel Commercial, L.L.C., announces the sale of 1555 Post Road East, Westport, CT, for $2.2 million. Located on Route 1 in Westport, the investment property consists of an 11,461 SF office building on .61 acres.
“The new owners plan to completely update the building including a new roof, HVAC, windows, masonry, and parking lot,” states Sherman who represented the buyer in this transaction. “There will up to 7,500 RSF available for lease in this well-located Post Road office building.”
The property was acquired by BAO Partners LLC, who recently purchased other similar buildings in both Westport and Fairfield with the same investment strategy.
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, multifamily and retail properties on a local and national level. Visit Angel Commercial, L.L.C. on the web at www.angelcommercial.com.