Real Estate

Investment Property Sells For $1.635M In Middlebury

A recent lease increased the building's occupancy to nearly 60 percent at the time of the sale, according to realtors.

MIDDLEBURY, CT — A more than 17,700-square-foot medical/office investment property has sold for $1.635 million in Middlebury, according to realtors.

O,R&L Commercial announced this week the successful sale of the 17,742-square-foot property at 687 Straits Turnpike in Middlebury.

“This professional multi-tenanted 3-story building is located along the heavily traveled Straits Turnpike corridor / Route 63 and offers excellent visibility and accessibility with its close proximity to I-84,” according to a news release.

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Toby Brimberg and Sam Crampton represented the seller, 270 Center Street, LLC and recently leased a 1,252-square-foot suite within the building to Sky Meadow Counseling in early spring of 2026, increasing the building’s occupancy to 59 percent at the time of the sale, according to the news release.

The new tenancy “enhanced the property’s income stream and further strengthened its appeal to buyers,” the news release states.

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“This transaction is another example of the strong demand for healthcare-related real estate throughout CT, particularly when there is an opportunity to increase occupancy and grow the investment over time,” Crampton said.

The asset was purchased by an investor and represented by Clearview Realty in Danbury.

“The sale reflects continued investor confidence in Connecticut’s Medical Office sector, where quality assets with leasing potential remain highly sought after,” the news release states.

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