News: Brokerage

Fischer Real Estate sells auto dealership property for $1.525 million

Auto dealership properties - Ansonia, CT Auto dealership properties - Ansonia, CT

Ansonia, CT Ron Saracino, president of Bridgeport-based Road Ready Used Cars, has purchased the former Healey Ford auto dealership properties on the corner of Main St. and Healey Dr. The two, 2-acre corner parcels are across the street from each other and include a 25,380 s/f showroom with repair bays, a 3,627 s/f auto body shop and a 1,859 s/f gas station. Road Ready will relocate to the site once Saracino’s extensive renovations are completed, bringing new jobs, commerce and people back to the downtown area. The seller was Ford Motor Credit Company of Dearborn, Michigan.

The purchase price was $1.525 million. Alan Fischer, CCIM, SIOR, of Fischer Real Estate Inc. represented both the seller and the buyer. Fischer singled out Ansonia’s economic development director Sheila O’Malley and Naugatuck Valley Council of Government’s Rick Dunne for their tireless efforts to fill some big gaps and then help hold together a complicated transaction that had many moving parts. Fischer said, “Without Sheila and Rick, this deal doesn’t close.”

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Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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