Stratford Center LLC Acquires Retail Property In Stratford, CT For $8.2M

The retail property located at 1040 Barnum Ave in Stratford, CT has been sold for a total of $8,200,000. The transaction took place on July 29, 2022, and the property spans approximately 4 acres. The buyer of the property was Stratford Center LLC, while the seller was the Spinelli Family. The sale was facilitated by Bruce Wettenstein from Vidal/Wettenstein, who represented both parties in the deal. The property offers a total of 58,200 square feet of space, resulting in a price per square foot of $141.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,200,000
• Address: 1040 Barnum Ave, Stratford, CT
• Market: Stratford, CT
• Acres: 4
• Buyer: Stratford Center LLC
• Seller: Spinelli Family
• Broker: Bruce Wettenstein - Vidal/Wettenstein
• Square Footage: 58,200
• Price per Square Foot: $141

This transaction not only highlights the successful sale of a retail property but also showcases the active real estate market in Stratford, CT. With Bruce Wettenstein from Vidal/Wettenstein leading the deal, both the buyer and seller were able to navigate the transaction smoothly. The property's attractive features and prime location likely contributed to its market value and the overall success of the sale.