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Marcus & Millichap Sells 31.4K SF Industrial Building In Newark, NJ For $6M With Legacy Commercial Realty's Seth Katz

Property Image
SOLD
$6,000,000
Seth Katz
Scott Geller
Jed Matricaria

New Jersey

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Industrial31 SF
Sold 08/11/2022
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Property Image
SOLD

Marcus & Millichap Sells 31.4K SF Industrial Building In Newark, NJ For $6M With Legacy Commercial Realty's Seth Katz

175 Mount Pleasant Avenue, Newark, New Jersey 07104, United States

See Similar Deals
Industrial31 SF
Sold 08/11/2022
Seth Katz
Scott Geller
Jed Matricaria
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$193,548
Total Square Footage:31 SF
Transaction Type:Sale

Located in Newark, NJ, 175 Mount Pleasant Avenue recently sold for a price of $6,000,000. This industrial property spans 31,429 square feet, resulting in a price per square foot of $191. The transaction was handled by Jed Matricaria and Scott Geller from Marcus & Millichap, along with Seth Katz from Legacy Commercial Realty, LLC.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,000,000
  • Address: 175 Mount Pleasant Avenue
  • Market: Newark, NJ
  • Square Footage: 31,429
  • Price Per Square Foot: $191

Marcus & Millichap, a renowned commercial real estate brokerage firm, facilitated the sale of this industrial property. Jed Matricaria and Scott Geller, investment specialists from Marcus & Millichap's New Jersey office, were exclusively responsible for listing and marketing the property on behalf of the seller. The buyer, on the other hand, was represented by Seth Katz from Legacy Commercial Realty, LLC. The transaction demonstrates the successful collaboration between these professionals in closing the deal for 175 Mount Pleasant Avenue.

Players

Jed Matricaria
Marcus & Millichap
Jed Matricaria
15 deals$85.6M volume
BROKER
Scott Geller
Marcus & Millichap
Scott Geller
2 deals$26M volume
BROKER
Seth Katz
Legacy Real Estate
Seth Katz
2 deals$16M volume
BROKER

Details

SOLD
IMAGE: Jed Matricaria, Scott Geller & Seth Katz DATE: 11/08/2022 ADDRESS: 175 Mt Pleasant Ave MARKET: Newark, NJ ASSET TYPE: Industrial BROKERS: Jed Matricaria (@JedMatricaria) & Scott Geller - Marcus & Millichap (@MarcusMillichap_NewJersey); Seth Katz - Legacy Commercial Realty, LLC SALE PRICE: $6,000,000 SF: 31,429 ~ PPSF: $191 NOTE FROM BROKER: Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 175 Mount Pleasant Avenue, a 31,429 square foot industrial building located in Newark, NJ, according to James McGuckin, Regional Manager of the firm’s New Jersey office. The asset sold for $6,000,000. Jed P. Matricaria and Scott Geller, investment specialists in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller who owned and operated the asset. The buyer was secured and represented by Seth Katz of Legacy Commercial Realty, LLC.

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