Service Truck Tire Center Acquires Industrial Property In Linden For $21M

Service Truck Tire Center (STTC) has purchased a 67,355-square-foot warehouse/industrial property in Linden, New Jersey. The property, located at 1900 Lower Road, sits on over six acres of land. It boasts strategic access to U.S. Route 1 and features ample parking, multiple loading areas, and newly renovated office space with a rooftop solar system. The purchase price for this industrial property was $21 million.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $21,000,000
• Address: 1900 Lower Road, Linden, New Jersey
• Market: Linden
• Size: 67,355 square feet
• Buyer: Service Truck Tire Center (STTC) - Walter Dealtrey, Jr.
• Broker: Christopher Galiano - NAI DiLeo-Bram & Co.
• Price per Square Foot: $312
• Date: 10/27/2023
• Market: Linden

This transaction was facilitated by Christopher Galiano, the broker from NAI DiLeo-Bram & Co. representing the buyer, Service Truck Tire Center (STTC) with Walter Dealtrey, Jr. as their representative. The purchase of this property in Linden provides STTC with an ideal location for future growth initiatives. They plan to renovate the warehouse/industrial property to accommodate their business needs.