NAI Fennelly Negotiates $2M Sale Of 37 And 41 Burnt Tavern Rd In Millstone, NJ

A 11.02-acre industrial property located at 37 Burnt Tavern Rd in Millstone, New Jersey has been sold for $2 million. The sale was negotiated by NAI Fennelly, with Jerry Fennelly, SIOR, representing the seller PAK SC, LLC. The buyer, RDM Management, plans to construct a 130,063-square-foot Class-A industrial building on the site, featuring 16 loading docks and one drive-in.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,000,000
• Market: Millstone
• Address: 37 Burnt Tavern Rd
• Brokers: Jerry Fennelly - NAI Fennelly

The property is ideally located off Exit 16 on Interstate 195, offering excellent connectivity to the New Jersey Turnpike, as well as the metropolitan areas of New York City and Philadelphia. Its prime location in central New Jersey, combined with the high demand for industrial space, makes it a valuable investment opportunity. NAI Fennelly continues to assist clients in capitalizing on the robust market for developable land, bringing important rateables to towns like Millstone.