Brookfield Acquires Industrial Property In Saddle Brook, NJ For $13M

Located at 386-404 N Midland Avenue in Saddle Brook, NJ, this industrial property has recently been sold. The transaction took place on August 14, 2023, with the buyer being Brookfield and the seller Motti Ty. The property comprises a total of 65,000 square feet and was sold for a price of $13,000,000, resulting in a price per square foot of $200.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $13,000,000
• Size: 65,000 square feet
• Price per Square Foot: $200
• Address: 386-404 N Midland Avenue, Saddle Brook, NJ
• Market: Saddle Brook, NJ
• Buyer: Brookfield
• Seller: Motti Ty
• Brokers: Yehuda Goltche & Itanel Rahmani - Venture Capital Properties

The deal was facilitated by Yehuda Goltche and Itanel Rahmani of Venture Capital Properties, who served as the brokers for this transaction.