Ridgecut Road & Brennan Investment Group Acquire Truck Facility In Sayreville For $23.45M

A truck facility and industrial outdoor storage property located at 700 Jernee Mill Road in Sayreville, New Jersey, has been sold for a total of $23.45 million. The property spans approximately 28,500 square feet, resulting in a price per square foot of $823. The transaction took place on August 23, 2023.

Summary of transaction details

• Property Type: Industrial
• Sale Price: $23,450,000
• Square Footage: 28,500
• Price per Square Foot: $823
• Address: 700 Jernee Mill Road, Sayreville, New Jersey
• Market: Sayreville

The buyer in this transaction is Ridgecut Road, represented by Scott Shalek and Eric Shalek, along with Brennan Investment Group. The seller is American Truck & Trailer. The brokerage team involved in the deal includes Bunny Escava, Isaac R. Setton, and Richard Ades from Kassin Sabbagh Realty.

This acquisition presents an opportunity for Ridgecut Road and Brennan Investment Group to attract tenants for the site. The property's strategic location near Port Newark-Elizabeth and its 6.5 acres of available space make it an appealing option for businesses in need of truck facilities and industrial outdoor storage.