Marcus & Millichap Sells Industrial & Self-Storage Facility In West Caldwell For $19.2M

The property involved in the transaction is located at 670 Passaic Ave, West Caldwell, NJ. This industrial and self-storage facility encompasses a total of 108,000 square feet, comprising 67,000 square feet of industrial space and 41,000 square feet of self-storage space, distributed across 760 units. The sale was executed for a total amount of $19,200,000.00, situated in the West Caldwell market.

Summary of transaction details:

• Property Type: Industrial and self-storage facility
• Transaction Amount: $19,200,000.00
• Address: 670 Passaic Ave, West Caldwell, NJ
• Buyer: Unknown
• Seller: Tulfra Real Estate
• Buyer's Representative: Nicholas Bocchi-Marcus & Millichap

The transaction was coordinated by the brokerage firm Marcus & Millichap, with Alan Cafiero and Ben Sgambati also involved in representing the seller, a private investor. The identities of both the buyer and seller were kept anonymous throughout the process.