A expansive 10.5-acre mixed-use property located in Farmington, Connecticut, has officially been sold for $5 million. The multi-building site at 1400 New Britain Ave features a unique combination of commercial spaces and 160 active storage units. For more background on regional commercial layouts, check out these informative architecture articles.
The prominent real estate transaction was formally recorded in a deed filed on October 16. This diverse investment asset blends multiple functional spaces tailored to modern commercial demands.
Property Breakdown and Asset Composition
The multi-building site comprises a total of eight structures constructed over a span of 25 years between 1997 and 2022. Such multi-phase developments highlight evolving construction standards across decades.
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Key Infrastructure Highlights
The sprawling 10.5-acre property features a generous mix of layout options across its footprint. For broader insights into building layout planning, review our informational guides.
- A spacious two-story, 8,000-square-foot office building.
- A dedicated 4,000-square-foot automotive service garage.
- Six functional storage buildings housing a combined 160 units.
Transaction Structure and Buyer Syndicate
The property was purchased collectively by three distinct limited liability companies. Delaware-registered Malka Apts Equities LLC secured the majority 85% ownership interest in the asset.
Meanwhile, Manas Equities LLC acquired a 10% stake, while a Connecticut-registered LLC headed by Ezra Karako took the remaining 5%. To finalize the deal, the buyers partially financed the acquisition with a $3.9 million mortgage provided directly by seller Lance E. Violette.
Here is the source article for this story: Farmington storage property with office, garage buildings sells for $5M
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