Stamford Retail Property Sells for $2.2 Million at $164 per Square Foot

A retail property located at 338 Old Long Ridge Road in Stamford, CT has been sold for 2.2 million at a price of 164 per square foot. The property has a total square footage of 13,409 and was sold on September 20, 2021. The brokers for the deal were Ilir Dedvukaj and Alban Dedvukaj.

The property is located in a prime retail area with high visibility and easy access to major highways. It is situated on a large lot with ample parking and features a modern design with large windows and high ceilings.

The buyer of the property is a local real estate investment firm that specializes in commercial properties in the Stamford area. They were attracted to the property due to its prime location and strong tenant mix.

The seller of the property is a private investor who had owned the property for several years. They decided to sell the property in order to take advantage of the strong demand for retail properties in the Stamford area.

Ilir Dedvukaj and Alban Dedvukaj of Dedvukaj Realty represented both the buyer and seller in the transaction. They were able to negotiate a favorable deal for both parties and ensure a smooth transaction.

Overall, this sale demonstrates the continued strength of the retail market in the Stamford area. With its prime location and strong tenant mix, this property is sure to be a valuable asset for the new owner for years to come.