Commercial Property Sold For $500K In Derby

DERBY, CT — A commercial building in Derby was among three recent commercial real estate transactions totaling $820,500, according to a real estate agency.

According to a news release provided by Colonial Properties, Inc., a 3,000-square-foot freestanding commercial building situated on 0.53 acres of land at 433 Roosevelt Drive was sold for $500,000.

The property was sold to Superior Water and Radon Systems, LLC, a family-owned business established in 2011 that provides comprehensive well water services throughout Connecticut and specializes in well pumps, water filtration, radon reduction and sump pumps, according to Colonial Properties.

Fred Messore, the agency's vice president/broker, and Attorney Dominick Thomas of Cohen and Thomas, Attorneys at Law, in Derby represented the buyer, according to the Orange-based real estate agency.

The seller was represented by Attorney Joseph Dey II of Dey, Smith, Steele, LLC in Milford.

Colonial Properties also announced the sale of a commercial condominium in Milford for $291,500, as well as the sublease of a commercial space in Seymour, according to the release.

"These sales demonstrate the continued demand for owner/user properties," Michael Richetelli, president and designated broker of Colonial Properties, Inc., said in a news release. "There is a lack of inventory for these type of listings and they do not typically stay on the market very long."