SOLD
Sitex Group Acquires Industrial Property In Avenel For $19.7M
160 Essex Avenue East
Industrial
40,000 SF
40,000 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
Industrial
40,000 sqft
An industrial property located at 160 Essex Ave. East in Avenel has been sold for $19,700,000. The property spans 40,000 square feet and is part of the Sitex Group's portfolio. The transaction was completed on September 21, 2022, with the seller being Total Source Logistics. The property is situated in the Avenel market, known for its industrial properties.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $19,700,000
- Address: 160 Essex Ave. East
- Market: Avenel
The buyer in this transaction was Sitex Group, a prominent real estate investment company. The seller, Total Source Logistics, was represented by Jordan Metz from Bussel Realty Corp. The deal was facilitated by Jordan Metz, who acted as the broker for both the buyer and seller.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Jordan Metz
DATE: 09/21/2022
ADDRESS: 160 Essex Ave. East
MARKET: Avenel
ASSET TYPE: Industrial
BUYER: Sitex Group
SELLER: Total Source Logistics
BROKER: Jordan Metz (@JordanMichaelm) - Bussel Realty Corp. (@BusselRealty)
SALE PRICE: $19,700,000
SF: 40,000 ~ PPSF: $493View on map
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Address160 Essex Avenue East
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