Two Industrial Assets Sold For Five Million In Linden And Plainfield

The sale encompassed two industrial properties in Union County, with a combined value of $5,000,000 and 18,500 SF of asset space, equating to $270 per SF. The properties are located at 612 East Elizabeth Avenue, Linden, and 1260 North Avenue, Plainfield, representing a Linden facility and a Plainfield warehouse. The Linden site was acquired by an HVAC company, while the Plainfield facility is occupied by a flooring distributor.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $5,000,000
• Addresses: 612 East Elizabeth Avenue; 1260 North Avenue
• Markets: Linden & Plainfield
• Total SF: 18,500 SF
• Price Per SF: $270
• Brokers: Catherine Goski-Vasquez & Richard Goski – NAI DiLeo-Bram & Co.

Representing the sellers were VP Richard Goski and AVP Catherine Goski-Vasquez of NAI DiLeo-Bram & Co., who facilitated the transaction in Union County on behalf of the owners.