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Atco Dragway Enterprises - Leonard Capone Jr. Sells 90-Acre Land To Black Horse LLC For $12M

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SOLD
$12,000,000

New Jersey

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Commercial
Sold 07/17/2023
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SOLD

Atco Dragway Enterprises - Leonard Capone Jr. Sells 90-Acre Land To Black Horse LLC For $12M

1000 Jackson Rd Atco, NJ 08004, USA

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Commercial
Sold 07/17/2023
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Commercial
Transaction Type:Sale

A portion of the Atco Dragway in South Jersey was recently sold, with Black Horse LLC acquiring 90 acres of the 180-acre property for $12 million. The sale took place in July, however, the buyer's identity remains unknown. This transaction raises questions about the future of the historic drag strip, as no plans for the land have been revealed.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $12,000,000
  • Address: 1000 Jackson Road
  • Market: Atco
  • Buyer: Black Horse LLC - David A. Alger
  • Seller: Atco Dragway Enterprises - Leonard Capone Jr.

The sale of the Atco Dragway involved two key entities. On the buyer's side, Black Horse LLC, represented by David A. Alger, made the acquisition. On the seller's side, Atco Dragway Enterprises, represented by Leonard Capone Jr., facilitated the sale. This transaction marks a significant development in the history of the drag strip, as it now faces an uncertain future with the change in ownership.

Players

ATCO Properties & Management
ATCO Properties & Management
BROKERAGE

Details

SOLD
IMAGE: David A. Alger DATE: 07/17/2023 ADDRESS: 1000 Jackson Road MARKET: Atco ASSET TYPE: Commercial ~ ACRES: 90 BUYER: Black Horse LLC - David A. Alger SELLER: Atco Dragway Enterprises (@atcodragway) - Leonard Capone Jr. SALE PRICE: $12,000,000 NOTE: A portion of the Atco Dragway in South Jersey, closed earlier this year, was sold to Black Horse LLC, which acquired 90 acres of the 180-acre property for $12 million in July. The buyer's identity is unknown, and plans for the land have not been revealed, leaving the future of the historic drag strip uncertain.

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