SBB Shipping Acquires 37,000-Square-Foot Industrial Building In Northvale For $7.6M

SBB Shipping, a major logistics provider, has purchased a 37,000-square-foot industrial building located at 246-248 Pegasus Avenue in Northvale. The property was sold for $7.6 million, resulting in a price per square foot of $205. The strategic location of the building, near the New Jersey-New York border, aligns perfectly with SBB Shipping's operations.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $7,600,000
• Square Footage: 37,000
• Price Per Square Foot: $205
• Market: Northvale

The purchase of this industrial building was facilitated by brokers Jordan Metz and Benito Abbate from Bussel Realty Corp. Their expertise and knowledge of the market played a crucial role in ensuring a successful transaction for both the buyer, Batuhan Cakmak of SBB Shipping, and the seller. With this acquisition, SBB Shipping expands its presence in the area and strengthens its logistics operations.