ORANGE, CT… Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following transactions.
Fred A. Messore, Senior Vice President, represented the Seller, S.K.F. Automotive, Inc., in the sale of 461 Derby Ave, West Haven, CT, a 5,250 SF commercial building on .22 acres used for automotive repair. The property was purchased by Astro Auto Repair, LLC, who will use the building to compliment their existing auto body service facility, New England Collision, located next door. The building sold for $445,000. The Buyer was represented by E. Tyler Della Valle of Dow Della Valle. The Seller’s attorney was David Pinciaro in New Haven, CT; the Buyer’s attorney was Mary B. Androski in Ansonia, CT.
Messore also represented the Seller, Whitestone, LLC, in the sale of 541 & 543 Main Street, & 10 Wagner Place, West Haven, CT, a fully leased Multi-Tenant Investment Property comprised of 6,208 SF of Commercial space with four (4) tenants and a 1,000 SF Free Standing Bar/Café on .69 +/-acres, and .12 +/- acres lot. The property was purchased by an Investor and sold for $780,000. Messore was the sole broker involved.
“Demand in the market remains strong for both Owner/User buildings as well as Investment Properties. These two sales reinforce those trends.” said Richetelli.
Colonial Properties, Inc., founded in 1978, is a full service Commercial and Residential Real Estate Brokerage, located in Orange, CT. The firm handles all types of real estate transactions including the sale and leasing of retail, industrial, office, investment properties, and residential properties, as well as brokering land and business sales.
