Northeast Private Client Group Arranges $3.4M Sale of Office Building in Milford

MILFORD, CONN. — Northeast Private Client Group has arranged the sale of 57 Plains Road, a 17,346-square-foot office building in Milford, for $3.4 million. The property traded at a price that equates to approximately $195 per square foot at a capitalization rate of 7.6 percent. Special features of the property include executive suite floor plans, front and rear parking lots and newly renovated lobby and common areas. Brad Balletto, Rich Edwards and Jeff Wright of Northeast Private Client Group represented the seller, 57 Plains Road LLC, in the transaction. The buyer was Plains Professional Center LLC.