Angel Commercial sells two industrial buildings to Mr. Singer for $1.6M: NEREJ
North Haven, Connecticut Commercial real estate investor Moses Singer has purchased 27-45 Dodge Ave., an industrial property, for $1.6 million, according to Jon Angel, president of Angel Commercial, LLC. The property was previously owner-occupied by AAA Northeast for its regional automotive service facility serving its members in Fairfield, Litchfield and New Haven counties.
“AAA was thrilled to welcome Singer to its expansion into the Connecticut market,” said Julie Barrett, AAA’s director of real estate.
“We continue to see increasing demand for industrial properties, and with warehouse vacancy rates at an all-time high, the property was a smart acquisition for this investor,” said Angel, who was the sole broker in this transaction. .
The property consists of two buildings on 2.67 acres in a light industrial zone (IL-80) with secure fenced parking. The 28,700 square foot concrete/block building features 12′ to 16.5′ ceiling height, three loading docks and five entrance doors. The 10,000 square foot concrete/cinder block building features a ceiling height of 17.5 feet, two loading docks and an entry gate.
Based in Providence, RI, AAA Northeast is one of the largest non-profit organizations providing advocacy for all motorists and specialized services to its 5.7 million members. Services include automotive, finance, insurance and travel in parts of New York, New Jersey, Connecticut, New Hampshire and all of Rhode Island and Massachusetts.