Ridgecut Road Acquires Industrial Property In Sayreville, NJ For $23.45M

The industrial property located at 700 Jernee Mill Road in Sayreville, NJ has been sold. The property spans 28,500 square feet and sits on a 10-acre lot. The sale price for the property was $23,450,000, resulting in a price per square foot of $823. The buyer of the property is Ridgecut Road, represented by Eric & Scott Shalek and Brennan Investment Group. The seller of the property is American Truck & Trailer. The brokers involved in the transaction are Bunny Escava, Isaac R. Setton, and Richard Ades from KSR.

Summary of transaction details:

• Property Type: Industrial
• Sale Price: $23,450,000
• Square Feet: 28,500
• Price per Square Foot: $823
• Acreage: 10
• Buyer: Ridgecut Road - Eric & Scott Shalek; Brennan Investment Group
• Seller: American Truck & Trailer
• Brokers: Bunny Escava, Isaac R. Setton & Richard Ades - KSR

The acquisition of this industrial property was facilitated by the buyer's representatives, Bunny Escava, Isaac R. Setton, and Richard Ades. Ridgecut Road, led by Eric & Scott Shalek in partnership with Brennan Investment Group, saw potential in this property. On the other side of the transaction, American Truck & Trailer decided to sell the property. This deal demonstrates the involvement and expertise of the brokers from KSR in successfully closing this transaction.