–Leading investment sales firm represents the seller and procures buyer in the transaction in Milford, Connecticut–
Shelton, CT (May 24, 2023)- Northeast Private Client Group® (NEPCG) has announced the sale of a medical building located at 2080 Bridgeport Avenue in Milford, CT.
The property was presented by Senior Associates, Rich Edwards and Jeff Wright, who represented the seller and procured the buyer.
The medical office building, constructed in 1947, offers 6,860 square feet of rentable space The property was sold for $1,345,000, showcasing the strong local demand for medical office space.
Located near the Milford Metro-North Railroad Station, the property offers convenient regional access to transportation for both patients and medical professionals.
NEPCG’s Senior Associates, Rich Edwards and Jeff Wright, have extensive experience facilitating commercial real estate transactions and providing personalized solutions for clients across the Metro North area.
“2080 Bridgeport Avenue is a 6,860 SF medical building ideally located at the end of the Green in downtown Milford, CT, and positioned directly across from the Yale New Haven Health owned Bridgeport Hospital – Milford Campus. This corridor is highly sought-after by medical tenants, including Hartford Healthcare, who is one of five tenants located at 2080 Bridgeport Ave. The property has been under the same ownership since 2007; while the property has been very well maintained, the buyer plans to upgrade the property through numerous capex projects that will benefit tenants, create more curb appeal, and increase rental revenue. This was a competitive off-market transaction with multiple bids.”– Rich Edwards, Senior Associate
Northeast Private Client Group® specializes in mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1,200 successful transactions have been completed totaling over $4 billion in value within local submarkets around the Northeast and Southeast regions of the United States.