Marcus & Millichap Sells North Bergen Industrial Property For $11.1 Million

Marcus & Millichap has sold a three-building industrial property in North Bergen for $11.1 million. The property is located at 125 Broad Avenue and is situated on 2.86 acres of land. This attractive investment opportunity features 21 units, two loading docks, and a ceiling height of 26 feet. The high demand for small-bay flex/warehouses in the area resulted in multiple competitive bids for the property.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $11,100,000
• Address: 125 Broad Avenue
• Market: North Bergen
• Acres: 2.86

The transaction was facilitated by Mark Gjonbalaj, Alan Cafiero, and Giacomo Fiorenza of Marcus & Millichap. These brokers represented the seller in the deal.