Newark Flooring Acquires Industrial Property From Dietz Family For $1.4M

The industrial property located at 152 Badger Avenue in Newark was recently sold for $1,400,000. Spanning 10,000 square feet, the property was sold at a price per square foot of $140. The transaction took place between the buyer, Newark Flooring, and the sellers, Aaron and Kyle Dietz of Dietz Family. The deal was facilitated by brokers Andrea Nestico and Yanni Marmarou from Investment Property Realty Group (IPRG).

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,400,000
• Market: Newark
• Buyer: Newark Flooring
• Seller: Aaron and Kyle Dietz - Dietz Family

Andrea Nestico and Yanni Marmarou, representing Investment Property Realty Group (IPRG), played crucial roles in overseeing the transaction, ensuring a successful deal for both the buyer and the sellers. Their expertise in the real estate market of Newark contributed to the smooth negotiation and finalization of the sale of the industrial property.