Connect Media > New York News > New Jersey > Freehold Industrial Trades in Off-Market Deal

December 4, 2020 Comments Off on Freehold Industrial Trades in Off-Market Deal Views: 538 New Jersey, New York News, Tri-State Area New York

Freehold Industrial Trades in Off-Market Deal

Order Reprints...

CBRE recently completed the $4.95-million sale of an industrial property located at 865 Rt.33 in Freehold, NJ. The CBRE team comprised of Charles Berger, Elli Klapper and Mark Silverman represented the seller, L&M Realty Associates LLC, and procured the buyer, 865 NJ 33 SD LLC.

Built in 1984, 865 Rt. 33 is centrally located in Monmouth County in Northern New Jersey. The single-story industrial facility has 46,000 gross leasable square feet of space on 10 acres of land.

“L&M Realty Associates originally acquired the asset for $3.5 million in 2013,” said Silverman. “We were able to procure a buyer during the first few challenging weeks of the global pandemic for this off-market deal on top of being able to secure premium pricing for the property.

Connect With CBRE’s Silverman

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Tags: , ,

Comments are closed.