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Progress Realty Partner Acquires 5.5 Acres Commercial Property In Whippany For $7.3M

Property Image
SOLD
$7,325,000
Alan Cafiero
Mark Gjonbalaj
SJ

New Jersey

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Commercial37,000 SF
Sold 02/04/2022
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Property Image
SOLD

Progress Realty Partner Acquires 5.5 Acres Commercial Property In Whippany For $7.3M

60 South Jefferson Road, Whippany, New Jersey 07981, United States

See Similar Deals
Commercial37,000 SF
Sold 02/04/2022
Alan Cafiero
Mark Gjonbalaj
SJ
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Commercial
Price Per Square Foot:$198
Total Square Footage:37,000 SF
Transaction Type:Sale

The commercial property located at 60 S. Jefferson Road in Whippany has been sold for a total price of $7,325,000. The property spans across 5.5 acres and offers a total square footage of 37,000. The sale price per square foot amounted to $198. The transaction took place on 02/04/2022.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $7,325,000
  • Address: 60 S. Jefferson Road, Whippany
  • Market: Whippany
  • Acres: 5.5

The buyer of the property was Progress Realty Partner, while the seller was Tulfra Real Estate, represented by Sonny Jumani. The transaction was facilitated by brokers Alan Cafiero and Mark Gjonbalaj from Marcus & Millichap. ConnectOne Bank, with Leo Faresich as the lender, provided the necessary financing for the deal.

Players

Mark Gjonbalaj
Marcus & Millichap
Mark Gjonbalaj
8 deals$69.8M volume(201) 742-6136
BROKER
Alan Cafiero
Marcus & Millichap
Alan Cafiero
100 deals$763.8M volume(201) 240-7367
BROKER
PP
Progress Realty Partners
BUYER
SJ
Sonny Jumani
3 deals$48.1M volume
SELLER
ConnectOne Bank
ConnectOne Bank
LENDER

Details

SOLD
IMAGE: Sonny Jumani, Alan Cafiero & Mark Gjonbalaj DATE: 02/04/2022 ADDRESS: 60 S. Jefferson Road MARKET: Whippany ASSET TYPE: Commercial ~ ACRES: 5.5 BUYER: Progress Realty Partner SELLER: Tulfra Real Estate - Sonny Jumani BROKERS: Alan Cafiero & Mark Gjonbalaj - Marcus & Millichap LENDER: ConnectOne Bank - Leo Faresich SALE PRICE: $7,325,000 SF: 37,000 ~ PPSF: $198

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