Point West Realty Acquires Industrial Property In Dover, NJ For $12.75M

The industrial property located at 126 E. Dickerson St. in Dover, NJ has been sold. The transaction took place on September 12, 2022, and the sale was facilitated by Michael Fromowitz, Aron Fulop, and Joseph Lax representing Point West Realty and Best Care Realty Inc. respectively. The property spans 65,000 square feet and was sold for a total price of $12,750,000, equivalent to $196 per square foot.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $12,750,000
• Address: 126 E. Dickerson St., Dover, NJ
• Market: Dover, NJ
• Buyer's Representative: Michael Fromowitz & Aron Fulop - Point West Realty
• Note from Broker: Point West Realty is one of the most active players in the industrial real estate market in the Tri-state area, having transacted over $250 million in industrial assets alone in '21-'22.

The involvement of Point West Realty, along with the representatives from Best Care Realty Inc., reflects their extensive experience and expertise in the industrial real estate market. Their ability to navigate market volatility and consistently deliver results positions them as top players in the field.