Photo courtesy of Besen Partners.

A 3-story office building on the outskirts of downtown New Canaan has been sold to a new player in the local commercial real estate market.

Besen Partners LLC announced its acquisition of 258 Elm St. earlier this week. The building, which was previously 100 percent owner-occupied, includes approximately 30,000 square feet and is near the Metro North train station with direct access to Grand Central Terminal in New York City.

Pricing was not immediately available.

The building represents the first acquisition in what Besen described as its “targeted investment strategy to acquire quality office buildings in supply constrained upscale neighborhoods” that cater to smaller tenants looking for space near amenities and housing.

“The Elm Street property fits our strategy perfectly,” Besen Chief Investment Officer Daniel J. Steinberg said in a statement. “The affluence of New Canaan coupled with the strong real estate fundamentals make this a perfect property for our program.”

Besen’s affiliate, New York City Management, which presently manages more than 180 residential and commercial properties for its clients, will manage the New Canaan property.

Avison Young’s Fairfield/Westchester offices will be marketing the property to prospective tenants and negotiating leases for the office space.

“This building has several unique attributes that will appeal to businesses seeking office space,” Avison Young Principal and Managing Director Sean Cahill said in a statement. “This is the first time this building and its quality space have been available, and there is a strong demand for office space in this submarket.”