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Connecticut
Posted: September 18, 2015
New Haven Group sells 32,000 s/f at 152 Old Gate Lane for $1.925 million
152 Old Gate Lane - Milford, CTMilford, CT A three building industrial complex at 152 Old Gate Ln. sold for $1.925 million. Steven Inglese, principal of the New Haven Group represented the seller, Smith Construction in the sale. He procured the buyer, a New York based private investor.
The 3.33 acre site was built by Smith Construction in 1963 and the buildings the complex was 97% occupied with nine tenants at the time of sale. The property was a stable asset that is very well occupied, just off I-95. Tenants utilize the complex for a variety of light industrial and storage uses.
The New Haven Group is a commercial real estate brokerage firm based in New Haven handling investment sales transactions throughout Connecticut.
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Connecticut
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