Private Investor from Oxford Buys Commercial Property in Southbury

Southford Center, a multi-tenant mixed-use property in Southbury was recently sold for $1.9 million, the broker for the deal announced in a press release.

David Almeida of Northeast Private Client Group represented the seller in the transaction, which closed on Oct. 16.

“The successful completion of this sale is yet another positive indication of the strong demand for mixed-use properties in suburban markets,” Almeida said in the press release. “We were able to create tremendous competition among qualified buyers to acquire this asset.”

Located at 1481 Southford Road, the building is comprised of seven rental storefronts and four apartment units comprising a total of 14,000 square feet of rentable space.

Southport Holdings LLC of Trumbull sold the property as a shift in strategy towards private real estate lending.

The buyer of the property, a private investor from Oxford, acquired the asset at a price equivalent to $132 per square foot.

According to the Republican-American, the sale netted the town $4,750 in conveyance tax.

Image courtesy NEPCG

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