SOLD
Velocity Venture Partners Acquires 196K-SF Industrial Building In Lawrence Township For $12.1M
2572 Brunswick Pike
Industrial
196,000 SF
196,000 SF
Sold 246 days ago
Summary
Sale
NEW JERSEY
Industrial
196,000 sqft
A 196,000-square-foot industrial building located at 2572 Brunswick Pike in Lawrence Township, South Jersey, has been sold for $12.1 million. The property, situated on 15 acres of land, was acquired by Velocity Venture Partners. The buyer's representative in the transaction was Tony Grelli, while Sanjay Chaturvedi represented the seller, Aurobindo.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $12,100,000
- Size: 196,000 square feet
- Price Per Square Foot: $62
- Address: 2572 Brunswick Pike
- Market: Lawrence Township
- Acres: 15
Velocity Venture Partners, led by Tony Grelli, purchased the industrial building without the involvement of a broker. As part of their investment strategy, they plan to allocate $2 million for improvements, specifically preparing 166,000 square feet of space to attract potential tenants.
Details
SOLD
IMAGE: Sanjay Chaturvedi & Tony Grelli
DATE: 09/05/2023
ADDRESS: 2572 Brunswick Pike
MARKET: Lawrence Township
ASSET TYPE: Industrial ~ ACRES: 15
BUYER: Velocity Venture Partners - Tony Grelli
SELLER: Aurobindo - Sanjay Chaturvedi
SALE PRICE: $12,100,000
SF: 196,000 ~ PPSF: $62
NOTE: Velocity Venture Partners bought a 196,000-square-foot industrial building in Mercer County's Lawrence Township, South Jersey, for $12.1 million without a broker. They plan to invest $2 million in improvements to prepare 166,000 square feet of space for tenants.View on map
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Address2572 Brunswick Pike
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