Norwalk – It was announced today that the property located at 131-135 New Canaan Avenue in Norwalk has been sold. The site consists of an automotive repair shop and an adjoining parcel of land. The property sold for $450,000.00. The seller was Pepper Partners and the purchaser was 131 New Canaan LLC. The plans for the property were not disclosed, although there is an existing automotive tenant in the building.
This sale is the 5th property that Bruce Wettenstein, SIOR and Partner with Vidal/Wettenstein of Westport has sold for the owner, Pepper Partners. Wettenstein was hired to dispose of the company’s assets which included a retail shopping center in Newtown, a parcel of commercial land in New Milford, an auto repair facility in Ridgefield, and a property on Kings Highway in Fairfield. The Norwalk site was the 5th and last piece to be sold.
Bruce Wettenstein, SIOR & Partner with Vidal/Wettenstein represented both parties.
