JLL Capital Markets Closes $21.2M Sale Of Fully Occupied Warehouse In Piscataway

A fully occupied multitenant warehouse located at 140 Ethel Road in Piscataway has been sold for $21.2 million. The property features a 24-foot clear height, loading docks, and offers convenient access to major commuting highways in northern New Jersey. The transaction was closed by JLL Capital Markets.

Summary of transaction details

• Property Type: Industrial
• Sale Price: $21,200,000
• Square Footage: 108,875
• Price per Square Foot: $195
• Address: 140 Ethel Road, Piscataway
• Market: Piscataway

The sale was facilitated by JLL's brokers, Marc Duval, Jordan Avanzato, Nicholas Stefans, Jason Lundy, and Jose Cruz, who represented the parties involved in the transaction. The multitenant warehouse's desirable features and strategic location contributed to its successful sale.