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West Haven Commercial Property Sells to Investors

February 12, 2020 | Reprints | Unlock Link | Print

Image courtesy of Colonial Properties.

A multi-tenanted commercial property in West Haven has sold to an LLC controlled by a pair of investors.

The fully-leased property at 541-543 Main St. and 10 Wagner Place has four tenants.

The 0.69-acre parcel has three structures: a 1,000-square-foot, free-standing restaurant and a pair of adjoining buildings totaling 6,208 square feet.

Fred Messore, senior vice president at Orange-based Colonial Properties, represented the seller, Whitestone LLC.

The purchase price was $780,000. Emigrant Funding provided a $325,000 mortgage according to The Warren Group, publisher of The Commercial Record.

“Demand in the market remains strong for both owner/user buildings as well as investment properties,” Michael Richetelli, president and broker at Colonial Properties, said in a statement.