SOLD
Faropoint Acquires Industrial Property In Branchburg For $23.75M With Buyer's Rep Cushman & Wakefield
3140 Route 22
Industrial
151 SF
151 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
Industrial
151 sqft
A 13.38-acre industrial property located at 3140 Route 22 in Branchburg has been sold in a closed transaction. The property spans 151,000 square feet and was sold for a price of $23,750,000, resulting in a price per square foot of $157. The sale was finalized on January 30, 2023.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $23,750,000
- Square Footage: 151,000
- Address: 3140 Route 22, Branchburg
- Market: Branchburg
The buyer of the property is Faropoint, represented by Orry Michael and Itay Ron. The seller is Viva Branchburg LLC. The transaction was facilitated by brokers Gary Gabriel, Kyle Schmidt, Andrew Schwartz, Jordan Sobel, Ryan Larkin, and Andre Balthazard, all from Cushman & Wakefield.
Players
All
7
Agents
6
Agencies
1
Details
SOLD
IMAGE: Gary Gabriel, Kyle Schmidt, Andrew Schwartz, Jordan Sobel, Ryan Larkin & Andre Balthazard
DATE: 01/30/2023
ADDRESS: 3140 Route 22
MARKET: Branchburg
ASSET TYPE: Industrial ~ ACRES: 13.38
BUYER: Faropoint - Orry Michael & Itay Ron
SELLER: Viva Branchburg LLC
BROKERS: Gary Gabriel, Kyle Schmidt, Andrew Schwartz, Jordan Sobel, Ryan Larkin & Andre Balthazard - Cushman & Wakefield
SALE PRICE: $23,750,000
SF: 151,000 ~ PPSF: $157View on map
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Address3140 Route 22
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