A 21,000-square-foot industrial facility located on 4.8 acres at 173 Amboy Road in Morganville, New Jersey, was sold for $6.9 million in an off-market transaction. The property, which reflects a price per square foot of $329, adds significant value to the industrial market in the region.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,900,000
• Square Footage: 21,000
• Acres: 4.8
• Address: 173 Amboy Road
• Market: Morganville
• Price per Square Foot: $329
• Buyer: Genesis
• Broker Representatives: Liam McGregor, Mark Silverman, Brian Fiumara & Elli Klapper - CBRE

CBRE’s team consisting of Liam McGregor, Mark Silverman, Brian Fiumara, and Elli Klapper played a crucial role in the acquisition, representing Genesis throughout the transaction process. Their expertise facilitated the successful off-market sale of the property.