Image courtesy of Angel Commercial

A pair of Stratford parcels entitled for a large industrial development has traded hands for $7.25 million.

The properties, at 1255 and 1297 West Broad St., total 14 acres. The buyer, an LLC controlled by Boston developer GFI Partners, plans a 231,000-square-foot warehouse with 38 loading docks, two drive-in doors, 36-foot to 39-foot ceiling heights and 232 parking spaces according to Angel Commercial, whose president John Angel handled the transaction for the buyer and seller, with completion expected in the second quarter of 2024.

The land is partly vacant, with one of the two parcels containing a single-story industrial building erected in 1947 according to town property records. The property has immediate access to Interstate 95 at Exit 32.

“We are delighted to have successfully brokered the sale of these two properties,” Angel said in a statement. “The sale is a testament to the strength of the commercial real estate market and the growing demand for high-quality industrial facilities.  We look forward to seeing the development of this state-of-the-art facility that will bring significant economic benefits to the region.”