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January 6, 2022

New Britain industrial building sells for $6.9M

Photo | CoStar 255 Myrtle St. in New Britain.

The Fremont Group recently sold a 67,000-square-foot industrial building on six acres in New Britain for $6.95 million, more than twice the acquisition cost paid by the West Hartford-based real estate investment firm nearly a decade ago.

Fremont, operating under limited liability company Fremont 255 Myrtle, sold the industrial property 255 Myrtle St., to Massachusetts-based industrial real estate investor NorthBridge in a deal recorded Dec. 21.

Fremont paid $2.75 million for the property in June 2012, according to city assessing records.

The city assessor’s office values the property at $2.7 million.

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