Colonial Properties of Orange recently completed the sale of the Marsh Hill Business Park at 4 Oxford Rd. in Milford for $3.3 million. The commercial/flex condominium portfolio is comprised of five buildings with 17 units totaling 33,000 square feet.
The commercial investment property had a long history of stable tenancy and features a diverse tenant mix.
Colonial Properties was the sole broker in the sale. The seller, Sanibel, 955, LLC was represented by Mike Richetelli, president and designated broker at Colonial. The buyer, Oxford Condos LLC, was represented by Colonial realtor Tony Vitti. The seller’s attorney was Menachem Sandman of Sandman Law Group, LLC in New Haven; the buyer’s attorney was John P. McHugh of Cranmore, Fitzgerald & Meaney, LLC in Hartford.
“We are very proud of being able to transact this sale on behalf of both the buyer and seller, who are both very pleased; it’s truly one of those win/win scenarios where all parties enjoyed a favorable outcome,” Richetelli said. “Colonial was also fortunate to have brokered the sale of this property to the seller back in 2005, so we were involved as it came full circle.”
