Stratford, CT – It was announced today that the property at 1701 Stratford Avenue has been purchased by Jim Repasi for his company. The sales price was $600,000 or $85.71 per foot. The business occupying the 7,000 square foot building will be a Porsche service center.
According to Jim Repasi, “Repasi Motorwerks specializes in all Porsche GT models with more than 15 years of country wide experience. The company provides their clients a private service experience built on trust and transparency.”
Redco Audio had occupied the building for 15 years before relocating to a larger building in Monroe. The new business will require to completely transform the building to an automobile service center. Bruce Wettenstein, SIOR & Partner with Vidal/Wettenstein negotiated the sales transaction representing the owner and Lucas Peter of Compass Commercial Real Estate represented Jim Repasi. Vidal/Wettenstein is a full service commercial real estate firm specializing in the industrial and office sectors, including tenant and purchase representation.