408 Central Ave LLC Acquires Industrial Property In University Heights, Newark NJ For $3,150,000

The industrial property located at 408-416 Central Avenue in University Heights, Newark NJ has been sold in a recent transaction. The property spans an area of 38,000 square feet. The sale price for the property was $3,150,000, resulting in a price per square foot of $83.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,150,000
• Date: 11/05/2021
• Address: 408-416 Central Avenue, University Heights, Newark NJ
• Market: University Heights, Newark NJ

The buyer, 408 Central Ave LLC, acquired the property from the seller, 408 Central Ave Trust. The deal was facilitated by Ryan Cerqueira from Quinas Real Estate, who represented the buyer in the transaction.