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NorthBridge Acquires Industrial Property In Branchburg, NJ For $7.2M

Property Image
SOLD
$7,225,000
Marc Duval
Jordan Avanzato

New Jersey

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Industrial50,000 SF
Sold 06/01/2020
the dealplayerscompscontact
Property Image
SOLD

NorthBridge Acquires Industrial Property In Branchburg, NJ For $7.2M

161 Meister Avenue, Branchburg, NJ 08876

See Similar Deals
Industrial50,000 SF
Sold 06/01/2020
Marc Duval
Jordan Avanzato
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$144
Total Square Footage:50,000 SF
Transaction Type:Sale

The industrial property at 161 Meister Avenue in Branchburg, NJ has been sold in a closed transaction. The sale took place on 06/01/2021, with NorthBridge as the buyer and Elberon & Avidan Group as the seller. The property, spanning 50,000 square feet, was sold for a total price of $7,225,000, resulting in a price per square foot of $145. The transaction was facilitated by brokers Marc Duval and Jordan Avanzato from JLL.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,225,000
  • Address: 161 Meister Avenue, Branchburg, NJ
  • Market: Branchburg, NJ
  • Buyer: NorthBridge
  • Seller: Elberon & Avidan Group
  • Brokers: Marc Duval & Jordan Avanzato - JLL

The deal was successfully closed, with the buyer, NorthBridge, acquiring the industrial property from the seller, Elberon & Avidan Group. Marc Duval and Jordan Avanzato from JLL represented both parties in the transaction, ensuring a smooth process.

Players

Jordan Avanzato
NAI James E. Hanson
Jordan Avanzato
52 deals$2.5B volume(214) 500-5627
BROKER
Marc Duval
JLL
Marc Duval
47 deals$2.4B volume
BROKER
N
NorthBridge
BUYER
AG
Avidan Group
SELLER
AG
Avidan Group
SELLER

Details

SOLD
IMAGE: Jordan Avanzato & Marc Duval DATE: 06/01/2021 ADDRESS: 161 Meister Avenue MARKET: Branchburg, NJ ASSET TYPE: Industrial BUYER: NorthBridge SELLER: Elberon & Avidan Group BROKERS: Marc Duval & Jordan Avanzato @JordAvz7 - JLL SALE PRICE: $7,225,000 SF: 50,000 ~ PPSF: $145

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Debt Service Coverage Ratio (DSCR)

0.94x

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