Angel Commercial, LLC Brokers $2.44 Million Sale of Fairfield Retail Property
In a recent real estate transaction, Angel Commercial, LLC has successfully brokered the sale of a fully leased retail property at 1610 Post Rd. in Fairfield, CT. The property was acquired for a whopping $2.44 million, underscoring the enduring allure of the downtown business district. The property, a 4,500-square-foot commercial unit on a 0.35-acre lot, was sold as an investment deal to an undisclosed buyer by the seller, 1610 Post Road LLC.
Prime Location and Tenants Boost Property Appeal
The retail property’s strategic location and tenant lineup have played a significant role in boosting its appeal. It is conveniently situated next to the Metro-North train station and offers easy access to I-95, making it a prime spot for businesses. In addition, the property boasts a private parking lot that can accommodate up to 27 vehicles, a feature that adds to its attractiveness.
As for the tenant lineup, the anchor tenant is Lantern Point Taverna, a popular Greek restaurant. The property also houses other businesses, including Bonkers Cupcakes and BoHo Prep, further enhancing its value.
Angel Commercial’s Track Record in Real Estate Transactions
Jon Angel, president of Angel Commercial, LLC, and sole broker for the transaction, highlighted the property’s location in Fairfield Center as a key selling point. This is not the first time Angel Commercial, LLC has successfully facilitated a property sale. On December 20, 2023, the firm helped close a deal for an office building at 883 Black Rock Tpke. for $1.95 million.
The two-story, 8,937-square-foot office building, located on a 0.43-acre lot, was purchased by Westport Place, LLC. Eva Kornreich, vice president of Angel Commercial, LLC, and the listing broker for the office building, noted its strategic location and neighborhood amenities. The property was sold by 883 Black Rock Turnpike, LLC, with Ted Hoyt from Hodson Realty, Inc. representing the buyer.
These recent transactions underscore the appeal of both retail and office spaces in prime locations to investors. They also reflect the expertise of Angel Commercial, LLC in brokering significant real estate deals, reinforcing their reputation in the industry.