Stamford industrial flex building sells for $4.875 million

72 Camp Ave.

The 33,822-square-foot, two-story industrial flex building at 72 Camp Ave. in Stamford has been purchased for $4.875 million, according to Jon Angel, president of Southport-based Angel Commercial LLC.

132 Jamaica Avenue Realty Corp. bought the building, which is on approximately 1 acre in a light industrial zone in the city”™s Springdale section, near the Darien border.

“The building was substantially leased,” said Angel, who represented both the buyer and seller 72 Camp Avenue LLC in the transaction. “This was an investment deal that utilized the tax benefits of a 1031 Exchange.”

Several aspects of the deal were handled by Scott Gerard of Shipman & Goodwin LLP.