SOLD
Custom Picture Frames Acquires Industrial Property In Somerset, NJ For $5.7M
6 Shirley Avenue
Industrial
45,300 SF
45,300 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
Industrial
45,300 sqft
An industrial property located at 6 Shirley Ave in Somerset, NJ has been sold in a transaction. The property, spanning 45,300 square feet, was sold for a price of $5,662,500, resulting in a price per square foot of $125. The buyer in this transaction was Custom Picture Frames, while the seller was Emby Hosiery Corp. The deal was facilitated by brokers William Waxman and Chris Griffith from CBRE, as well as Ilan Tabbouche and Leo Esses from Bussel Realty.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,662,500
- Address: 6 Shirley Ave, Somerset, NJ
- Market: Somerset, NJ
- Square Footage: 45,300
The involvement of brokers William Waxman and Chris Griffith from CBRE, as well as Ilan Tabbouche and Leo Esses from Bussel Realty, played a crucial role in facilitating the transaction. Their expertise and representation were instrumental in securing the deal between Custom Picture Frames and Emby Hosiery Corp.
Players
All
6
Agents
4
Agencies
2
Details
SOLD
IMAGE: Chris Griffith, William Waxman, Illan Tabbouche & Leo Esses
DATE: 04/08/2021
ADDRESS: 6 Shirley Ave
MARKET: Somerset, NJ
ASSET TYPE: Industrial
BUYER: Custom Picture Frames
SELLER: Emby Hosiery Corp
BROKERS: William Waxman & Chris Griffith - CBRE; Ilan Tabbouche & Leo Esses - Bussel Realty
SALE PRICE: $5,662,500
SF: 45,300 ~ PPSF: $125View on map
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Address6 Shirley Avenue
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