Jeremy Mariano Acquires Self Storage Facility In Middlesex, NJ For $1.1M

A self-storage facility located at 128 Lincoln Blvd in Middlesex, NJ has recently been sold for $1,100,000. The property spans 15,000 square feet, resulting in a price per square foot of $73. The transaction took place on 11/03/2021 with a 9% capitalization rate. The seller, Tom Friendly, handed over the ownership to the buyer, Jeremy Mariano. Max Levinston of The Kislak Company, Inc represented both parties as the broker in this deal. At the time of closing, the facility boasted an impressive 99% occupancy rate.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $1,100,000
• Address: 128 Lincoln Blvd, Middlesex, NJ
• Square Footage: 15,000
• Price per Square Foot: $73
• Market: Middlesex, NJ
• Seller: Tom Friendly
• Buyer: Jeremy Mariano
• Broker: Max Levinston - The Kislak Company, Inc
• Capitalization Rate: 9%