The Real Deal New York

LLC sells two-story industrial flex building in Stamford for $4.9M

January 24, 2019 08:51AM

A two-story industrial flex building in Stamford has a new owner, the Fairfield County Business Journal reported. 132 Jamaica Avenue Realty Corp. bought the 33,822-square-foot building at 72 Camp Avenue in Stamford from 72 Camp Avenue LLC for $4.875 million, according to the outlet. The building is in a light industrial zone and is “substantially leased,” said Angel Commercial president Jon Angel, who represented both the buyer and the seller. “This was an investment deal that utilized the tax benefits of a 1031 Exchange,” he noted. The law firm Shipman & Goodwin also worked on the deal. [FBJ]