Longpoint Partners Acquires Two Industrial Buildings In Piscataway For $19.4M

Two fully leased industrial buildings, located at 121 & 131 Ethel Road West in Piscataway, are part of this transaction. They were acquired for a total sale price of $19,400,000, translating to approximately $191 per square foot, with an overall square footage of 101,454.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $19,400,000
• Square Footage: 101,454
• Address: 121 & 131 Ethel Road West
• Market: Piscataway
• Buyer: Longpoint Partners
• Brokers: Drew Maffey & Joe Komitor - Lee & Associates - WBE

Drew Maffey and Joseph Komitor represented Longpoint Partners in this off-market transaction, facilitating the purchase from a private investor who held the properties for 25 years.