Kerlly Bochicchio Of Signature Realty NJ Represents Sale Of Industrial Asset At 1062 Magnolia Avenue For $3.85M

The property asset involved in this transaction is an industrial facility located at 1062 Magnolia Avenue in Elizabeth. The sale price of the asset was $3,850,000, with a single unit covering an area of 22,000 square feet. This translates to a price per unit of $3,850,000 and a price per square foot of $175.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,850,000
• Units: 1
• Square Footage: 22,000
• Price Per Unit: $3,850,000
• Price Per Square Foot: $175
• Date of Transaction: 03/28/2025
• Broker: Kerlly Bochicchio - Signature Realty NJ

Kerlly Bochicchio was the broker representing the sale, facilitating the transaction on behalf of the involved parties through Signature Realty NJ.