Fairfield, CT, It was announced today that the multi tenanted office building at 95 Reef Road in Fairfield, has been sold to 1222 Wisconsin Ave. LLC, an investor which purchased the property via a 1031 exchange sale. The 7,326 square foot building is located at one of the finest locations in Fairfield, walking distance to Metro-North and all of the retail establishments in the downtown area. The sales price was $2.6 million or just under $355 per square foot. The building houses an architectural firm, interior design company, a children’s medical walk in facility and a residence and storage area in the lower level.
According to Bruce Wettenstein, SIOR, “the Fairfield commercial real estate market has been extremely active with multiple transactions taking place within a 90 day period.” Just a few weeks ago, Wettenstein sold the 45 Sanford Street office building to an insurance company, and scheduled to close sometime during the 1st qtr. of 2019, is a multi-tenanted medical facility on the Post Road.” Wettenstein said.
Bruce Wettenstein, SIOR & Partner with Vidal/Wettenstein was the listing broker. The purchaser was represented by Jamar Arbelo of J Aaron Investments. Counsel for the purchaser was Noel Langerman of
Karp & Langerman, P.C., Milford, and for the seller, Meghan K. Gallagher of Susman, Duffy and Segaloff.