The STRO Companies Acquires Industrial Property In Paramus From Lithia Motors Inc. For $7.6M

The industrial property located at 404 Sette Dr in Paramus has been sold in a transaction facilitated by Jack Shulman and William "Bill" Farkas. The sale took place on June 7, 2022, with Lithia Motors Inc. serving as the seller. The buyer of the property is The STRO Companies, represented by Jack Shulman. The brokerage services for this deal were provided by William "Bill" Farkas of Jeffery Realty.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $7,630,000
• Size: 52,800 square feet
• Price per Square Foot: $145
• Address: 404 Sette Dr, Paramus

The STRO Companies, headed by Jack Shulman, is actively seeking additional warehouse properties for sale in North NJ, Florida, and North Carolina. They can be contacted at [email protected] for any acquisition opportunities. It is worth noting that The STRO Companies are all-cash buyers and have the ability to close deals within 14 days.