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Two Buildings Sell for $8.2M in Fairfield

Adjacent Office Properties Purchased
May 14, 2018
Affiliates of Balise Automotive Realty LP acquired two adjacent flex buildings at 328 and 338 Commerce Dr. in Fairfield, CT for $8.2 million, or about $188 per square foot, from a local owner.

The two assets total 43,507 square feet on 1.9 acres in the Fairfield County submarket. The new owner plans to hold the multi-tenant properties, currently fully leased, as an investment.

Jon Angel of Angel Commercial LLC represented the seller and was the sole broker on the sale.

Please see CoStar COMPS #4235421 for more information on this transaction.
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