Fairfield Real Estate LLC Acquires Office Building In Fairfield For $3.6M From Glassman Family

Fairfield Real Estate LLC has acquired an office asset located at 383 US Route 46 in Fairfield for $3,600,000. The property encompasses 34,445 square feet and is situated on a 1.6-acre lot within the Fairfield market. The purchase price translates to a price per square foot of $105. The building has been owner-occupied since 1985.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $3,600,000
• Address: 383 US Route 46
• Market: Fairfield
• Square Footage: 34,445
• Price per Square Foot: $105
• Buyer: Fairfield Real Estate LLC
• Seller: Glassman Family
• Broker: Peter Rasmusson - Lee & Associates – WBE
• Acres: 1.6

Peter Rasmusson of Lee & Associates – WBE acted as the broker in this transaction. The property includes tenants such as Medimetriks Pharmaceuticals and Fair Home Healthcare, and it will continue functioning as an owner-user asset following the purchase.