Photo courtesy of the town of Madison

A light industrial building in Madison has sold for $2.12 million.

Located less than 1 mile from Madison Center, the 41,718-square-foot building sits on 4 acres at 14 New Road.

Built in 1970 and with 15-foot wall heights and a loading dock, the building was last sold in 2014 for $2 million.

The buyer, Precision X-Ray, was represented by Fred Messore of Colonial Properties, while the seller, Stone Heron LLC, was represented by John Keogh of Colliers International. The buyer’s attorney was R. Eugene Torrenti from Hamden; the seller’s attorney was Brenton Elliot with Jacoby, Case & Sperazini, P.C. in Milford.

“As a global leader in biological cabinet X-Ray systems for modern translational research, Precision X-Ray, Inc. is constantly growing and evolving along with the latest breakthroughs in science and technology,” Precision X-Ray’s CEO Viktoriya Baytser said in a statement. “That means our decisions cannot be good enough for today; they have to help us answer the challenges of tomorrow just as much. And this is why we are so happy to call Madison our new home, a community we want to grow with and into, as we maintain our drive for innovation”