Choyce Peterson, Inc., a full-service commercial real estate brokerage firm, successfully brokered the sale of a 4,925 square foot medical office building at 309 Stillson Road in Fairfield, CT. The property, previously owned by Meland Properties LLC, was purchased by Dr. Vinay Madan, MD, as part of his expansion efforts for the Center for Varicose Veins. This transaction demonstrates the continued demand for well-positioned medical office assets in prime Fairfield locations and highlights the effectiveness of targeted marketing strategies in today’s market.
Marketing Strategy and Positioning
Once it was engaged as the exclusive listing agent, the Choyce Peterson Capital Markets team, led by Scott Peterson and Charlene O’Connell, immediately deployed a multi-channel marketing campaign including robust social media promotion and targeted mail/email outreach to healthcare practices and qualified investors. Their active strategy generated strong buyer interest and multiple offers, ultimately resulting in a successful sale.
Client Testimonial
“We are so pleased that we chose Choyce Peterson’s Capital Markets team to market our building for sale. Their professionalism, aggressive marketing, and negotiating skills ensured an easy process for us…We couldn’t be happier we chose Choyce Peterson!”
— Dr. Ellen Espina, Co-Owner, Meland Properties LLC
“I felt very confident that the sale of our building would happen smoothly and quickly when Scott and Charlene presented their marketing strategy.”
— Dr. Myrna Reyes, Co-Owner, Meland Properties LLC
Sale Details
- Broker: Choyce Peterson, Inc. (Scott Peterson & Charlene O’Connell, Vice Presidents)
- Asset Class: Medical Office
- Buyer: Dr. Vinay Madan, MD
- Seller: Meland Properties LLC
- Occupancy at Sale: First floor leased to urgent care; second floor to be occupied by buyer
Property Summary: 309 Stillson Road
- Address: 309 Stillson Road, Fairfield, CT
- Total Building Square Footage: 4,925 SF
- Stories: 2
- Building Type: Free-standing Medical Office
This turn-key medical building is ideally suited for healthcare practitioners, offering a pre-built medical layout, good visibility, and a strategic location between I-95 Exit 24 and Merritt Parkway Exit 27. The property has had a long history of successful medical tenancy, reinforcing its place as a sought-after asset in the Fairfield market.
Neighborhood Overview: Black Rock Turnpike
- Fairfield University (1073 N Benson Rd) – A major educational institution drawing professionals and students to the area.
- Black Rock Turnpike (main thoroughfare) – a major retail corridor in Fairfield, home to numerous restaurants, banks, and retail.
This office building is steps from the vibrant Black Rock Turnpike retail corridor, with direct access to I-95 and the Merritt Parkway. The location offered exceptional convenience for patients and staff, plenty of parking and proximity to key nearby retailers.
Nearby Restaurants
- Taste of Everest – 2445 Black Rock Tpke: Family-run restaurant known for traditional Indian dishes such as korma and naan, and Nepalese cuisine.
- Little Pub – 2133 Black Rock Tpke: Cozy, rustic tavern offering pub staples with a twist & a variety of craft beer.
- Riko’s Pizza – 1920 Black Rock Tpke: Informal venue for thin-crust pizzas, salads, and oven-baked wings.
- Wonder – 1885 Black Rock Tpke: Great way to make everyone happy for your next in-office lunch meeting! Order from multiple restaurants at once, brought to your office door in a single delivery.
Conclusion
The sale of 309 Stillson Road underscored the ongoing strength of Fairfield’s medical office market and the value of expert brokerage representation. The buyer, Dr. Madan, has leveraged the property’s medical build-out to establish an additional location for his Center for Varicose Veins practice, while the sellers benefited from a streamlined, competitive process. This transaction exemplified how strategic marketing and deep local knowledge can drive successful outcomes for all parties involved.
Frequently Asked Questions (FAQs)
What is the history of this property?
For decades, 309 Stillson Road has housed successful medical practices, serving as a cornerstone of healthcare in Fairfield.
What features stood out to the buyer?
The building’s pre-built medical layout, excellent visibility, and central location between major highways were key decision factors.
Why was this a strong location for medical office ownership?
With immediate proximity to Black Rock Turnpike’s retail and dining, access to major transportation routes, and a strong local consumer base, this site was ideal for healthcare providers.
Was this a competitive bidding process?
Yes, the property attracted multiple interested parties and offers, resulting in a sale price near the asking price.
What were the buyer’s plans for the property post-sale?
At sale, the first floor was leased to an urgent care practice, while Dr. Madan fully intended to expand his well-established medical practice, Center for Varicose Veins, by opening a new branch on the second floor of the building.
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