Rosecrans Associates Acquires Industrial Property From Parsons In Norwalk For $2.3M

The asset involved in this transaction is a multi-tenant industrial building located at 13820 Shoemaker Avenue in Norwalk. It has a total area of 7,770 square feet and is situated on 0.37 acres of land. The sale price for this property was $2,300,000, resulting in a price per square foot of $296. The building, constructed in 1974, includes 800 square feet of office space, three ground-level doors, a 14-foot warehouse clearance, a secured yard, and features a 2:1 parking ratio.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,300,000
• Square Footage: 7,770
• Address: 13820 Shoemaker Avenue
• Market: Norwalk
• Year Built: 1974
• Acres: 0.37
• Buyer: Rosecrans Associates
• Seller: Parsons
• Broker: Pat Delaney - Lee & Associates - Orange

Lee & Associates facilitated the transaction, with Pat Delaney representing the sale of the property. The buyer, Rosecrans Associates, engaged in this acquisition from the seller, Parsons, highlighting the roles of both participating parties in this transaction.