Public Storage Purchases Industrial Property On US Route 46 In Fairfield For $3.9M

An industrial property located at 213 & 225 US Route 46 in Fairfield has recently been sold for a total of $3,900,000. The property spans 105,405 square feet and is situated on 5 acres of land. It was sold at a price per square foot of $37, with each acre valued at $780,000. The transaction took place on June 1, 2021.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $3,900,000
• Square Footage: 105,405
• Price Per Square Foot: $37
• Acres: 5
• Price Per Acre: $780,000
• Address: 213 & 225 US Route 46, Fairfield
• Market: Fairfield

The buyer of the property is Public Storage, while the seller is Pratt Street Capital. The deal was facilitated by brokers Marc Duval and Jordan Avanzato from JLL.