Industrial Complex Sells For $2.2M In Milford

MILFORD, CT — An industrial complex on six acres of land on Depot Road in Milford recently sold for $2.2 million, realtors announced.

MNBD, LLC purchased the 53,000-square-foot industrial complex located at 252-262 Depot Road for $2,225,000 from Kahuna Realty Group, LLC, according to a news release. The property consists of three buildings.

Tony Vitti represented the buyer and the listing brokers were Bruce Wettenstein and Scott Zakos of Vidal Wettenstein. The buyer’s attorney was Brian Lema of Berchem and Moses in Milford. The seller was represented by Attorney Robert Cox of Halloran and Sage LLP in New Haven.

“This sale reinforces that properties in the Industrial sector remain in high demand,” Michael Richetelli, president and designated broker of Colonial Properties, Inc., said in a news release. “While some asset classes such as retail and office are not as strong right now, Industrial and Light Industrial properties, especially Owner/User properties remain in short supply.”