Resource Realty Brokers $7.5M Sale Of Two Industrial Properties In Randolph And Fairfield

The transaction involved two industrial property sales in Randolph and Fairfield, totaling $7,500,000. The properties include a 28,000 square foot warehouse located at 273 Franklin Road, sold for $4,500,000, and a 12,000 square foot flex building situated at 19 Gloria Lane, sold for $3,000,000. The price per square foot for the overall transaction averages $188.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,500,000
• Address: 273 Franklin Road & 19 Gloria Lane
• Market: Randolph & Fairfield
• Square Footage: 40,000
• Price Per Square Foot: $188

Resource Realty of Northern New Jersey facilitated the two sales with representation from Greg Sabato, Tom Consiglio, and Brian Wilson. The first sale was made to Commerce Park Investors, marking a significant transaction in the local industrial market.