Business & Tech
Strip Mall Sells For $2.75 Million In Norwalk
Located on Main Avenue in Norwalk, the property is fully leased by two long-term national tenants, Subway and Mattress Firm.
NORWALK, CT — Angel Commercial, LLC, announced Friday the sale of 588 Main Avenue in Norwalk to an undisclosed investor for $2.75 million.
The 5,732-square-foot retail strip mall is fully leased by two long-term national tenants, Subway and Mattress Firm, according to a news release provided by the real estate firm.
The seller, JA Real Property Corporation Inc., previously owned the property for 37 years.
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"This purchase was a 1031 Exchange for the buyer, and they were able to acquire a great asset in an excellent location," Brett Sherman, a Certified Commercial Investment Member, said in a news release.
Sherman represented the seller, while Bryan Atherton and Matt Renzulli from Coldwell Banker Commercial represented the buyer.
Find out what's happening in Norwalkfor free with the latest updates from Patch.
More information is available at angelcommercial.com.
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