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370 Essex Street
SOLD

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

370 Essex Street

Industrial
170,000 SF
clock iconSold 66 days ago
Nicholas (Nick) Klacik
Chad Hillyer
Jeremy Wernick
+ 6
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Summary

Sale
NEW JERSEY
Industrial
170,000 sqft

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.

Players

  • All

    9

  • Agents

    8

  • Agencies

    1

Nicholas (Nick) Klacik's profile picture
Nicholas (Nick) Klacik
CBRE-image
First Vice President
$44.4M Sold
Jeremy Wernick's profile picture
Kevin Dudley's profile picture
Mark Silverman's profile picture
Brian Fiumara's profile picture
Kate Granahan's profile picture

Details

Deal Summary
minus icon
SOLD
IMAGE: Brian Fiumara, Chad Hillyer, Elli Klapper, Jeremy Wernick, Kate Granahan, Kevin Dudley, Mark Silverman & Nicholas Klacik DATE: 05/08/2024 ADDRESS: 370 Essex Street MARKET: Lodi ASSET TYPE: Industrial BUYER: Alex Almontaser - AAA Wholesale (@AAAWholesalecc) BROKERS: Brian Fiumara, Chad Hillyer (@Chad_Hillyer), Elli Klapper, Jeremy Wernick (@JeremyWernick), Kate Granahan (@Kate_Granny), Kevin Dudley, Mark Silverman & Nicholas Klacik - CBRE (@CBRE) SALE PRICE: $29,200,000 SF: 170,000 ~ PPSF: $172 NOTE: AAA Wholesale has acquired a nearly 170,000-square-foot industrial showroom property in Lodi for $29.2 million, as announced by CBRE, which facilitated the transaction. The CBRE team represented AAA Wholesale in direct negotiations with the seller, highlighting AAA Wholesale's commitment to Lodi and its residents by doubling down on their presence in the area due to the success and expansion opportunities offered by this strategic location.

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Address370 Essex Street

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