Northeast Private Client Group Arranges $3.4M Sale of Office Building in Milford

As seen in Rebuiness Online

MILFORD, CONN. — Northeast Private Client Group has arranged the sale of 57 Plains Road, a 17,346-square-foot office building in Milford, for $3.4 million. The property traded at a price that equates to approximately $195 per square foot at a capitalization rate of 7.6 percent. Special features of the property include executive suite floor plans, front and rear parking lots and newly renovated lobby and common areas. Brad Balletto, Rich Edwards and Jeff Wright of Northeast Private Client Group represented the seller, 57 Plains Road LLC, in the transaction. The buyer was Plains Professional Center LLC.

 

About Northeast Private Client Group

Northeast Private Client Group is the fastest growing mid-market investment sales firm in the Northeast, providing unmatched results by combining specialized market intelligence with a relationship-based marketing strategy that caters to each client’s needs. The firm’s collaborative and research-driven solutions are tailored to meet the individual needs of investors across the Northeast who are looking to buy, sell or exchange mid-market properties including mixed-use, multifamily, retail and office assets. Northeast Private Client Group’s highly disciplined process is just one of the many reasons the firm has earned CoStar’s Power Broker designation year after year, and been ranked on the Inc5000 list of America’s fastest-growing private companies. To learn more, visit: www.northeastpcg.com.