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Miller And Fischer Sell Woodbridge Investment Property

Miller And Fischer Sell Woodbridge Investment Property

A 14,771 square foot multi-tenanted flex building on 2.3 acres at 15 Research Drive has been sold by Research Development at West Rock, LLC to Bryan Nesteriak. The sale price was $1,900,000. Four of the five rental units were leased at the time of the sale. The buyer will relocate its engineering and land surveying business from Seymour into the vacant unit. “This buyer went from being a tenant to an owner because, in addition to the quality of the building and its first-class location, he realized the revenue stream generated by the four existing tenants would help pay the mortgage while he built equity for the future,” said Fischer. Steve Miller of Levey Miller Maretz and Alan Fischer, CCIM, SIOR, of Fischer Commercial Real Estate represented the seller. The buyer was represented by Robert Pettinella of Select Associates.

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