AAA Wholesale Acquires Industrial Property In Lodi For $29.2M Via CBRE

The industrial showroom property located at 370 Essex Street in Lodi has been sold for $29.2 million. The property spans approximately 170,000 square feet, with a price per square foot of $172. The transaction was handled by CBRE, with Brian Fiumara, Chad Hillyer, Elli Klapper, Jeremy Wernick, Kate Granahan, Kevin Dudley, Mark Silverman, and Nicholas Klacik representing the buyer, Alex Almontaser of AAA Wholesale. This acquisition underlines AAA Wholesale's commitment to the Lodi area and signifies their dedication to expanding their presence in the region.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $29,200,000
• Address: 370 Essex Street
• Market: Lodi
• Buyer: Alex Almontaser - AAA Wholesale
• Brokers: Brian Fiumara, Chad Hillyer, Elli Klapper, Jeremy Wernick, Kate Granahan, Kevin Dudley, Mark Silverman & Nicholas Klacik - CBRE
• SF: 170,000
• PPSF: $172

The CBRE team, led by Brian Fiumara, Chad Hillyer, Elli Klapper, Jeremy Wernick, Kate Granahan, Kevin Dudley, Mark Silverman, and Nicholas Klacik, played a crucial role in facilitating the deal between AAA Wholesale and the seller. This strategic acquisition not only underscores AAA Wholesale's business goals but also contributes to the economic landscape of Lodi through their continued investment and growth in the area.