A long-term owned industrial property located at 324-342 Thomas Street in Newark, NJ was recently sold in an off-market transaction. The property, spanning 45,700 square feet, was sold by C.C.A. International for a price of $12,100,000, resulting in a price per square foot of $265.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $12,100,000
• Address: 324-342 Thomas Street, Newark, NJ
• Market: Newark, NJ
• Seller: C.C.A. International
• Seller's Representative: David Payami & Omid Sahih - Capital Property Partners
• Buyer's Representative: Raphael David Jajati
• Square Footage: 45,700
• Price per Square Foot: $265

Capital Property Partners facilitated this off-market sale of the industrial property, leveraging their expertise in arranging similar transactions in New York, New Jersey, and surrounding areas. For more information or similar opportunities, you may contact David Payami at [email protected] or David Jajati at [email protected].