Seagis Property Group Acquires Industrial Property In Metuchen For $24M

The industrial property located at 60 Leonard St in Metuchen has been sold in a transaction that closed on June 28, 2022. The property spans across 6.92 acres and is classified as an industrial asset. The sale price for this property was $24,000,000, resulting in a price per square foot of $151. The total square footage of the property is 158,641.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $24,000,000
• Address: 60 Leonard St, Metuchen
• Market: Metuchen
• Acreage: 6.92

The buyer in this transaction was Seagis Property Group, represented by Tyler Baker. The seller was P&V Warehouse Distribution. The broker involved in the deal was Steve Bussel from Bussel Realty Corp.