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Sitex Group Acquires Industrial Property In Avenel For $19.7M

Property Image
SOLD
$19,700,000

New Jersey

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Industrial40,000 SF
Sold 09/21/2022
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Property Image
SOLD

Sitex Group Acquires Industrial Property In Avenel For $19.7M

160 Essex Avenue East, Avenel, New Jersey 07001, United States

See Similar Deals
Industrial40,000 SF
Sold 09/21/2022
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$492
Total Square Footage:40,000 SF
Transaction Type:Sale

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

Jordan Metz
Bussel Realty
Jordan Metz
38 deals$140.7M volume
BROKER
SG
Sitex Group
BUYER

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: $493

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