A 3.72-acre site in Fairfield sold for $5.4 million in an off-market transaction.

Previously owned by the Estate of Ralph Arganese, the property was sold to 65 Commerce Drive Associates LLC. Jon Angel, president of Southport-based Angel Commercial, represented both the buyer and seller in the transaction.

“65 Commerce Drive is located on what’s commonly referred to as ‘auto row,’” Angel said in a statement. “The site is next to the Land Rover/Jaguar dealership and across the street from the exit 25 ramp from I-95.”