Garwood Property Sold For $3.8M With Seller's Rep Catherine Goski-Vasquez

A local investor has purchased a commercial property located at 15-31 North Ave. East, Garwood, NJ, for $3.8 million. The asset encompasses 40,000 square feet, which includes 37,000 square feet designated for warehouse use and 3,000 square feet allocated for office space. The property sits on a 1.63-acre site that features a longstanding ice cream store.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $3,800,000.00
• Square Footage: 40,000
• Address: N Ave E, Garwood, NJ, 07090
• Market: Garwood
• Seller's Rep: Richard Goski, Catherine Goski-Vasquez - NAI DiLeo-Bram & Co.
• Buyer: Undisclosed

Richard Goski and Catherine Goski-Vasquez represented the seller in this transaction and have a track record of selling more than six acres on North Avenue in Garwood over the past four years. NAI DiLeo-Bram & Co. will also act as the leasing team for the property. Goski-Vasquez noted that warehouse, distribution, and light industrial investment and leasing activity have been strong in the area, which supports employment growth in New Jersey’s industrial sector.