Approved Fire Protection Acquires Industrial Property From PepsiCo Frito-Lay For $4.7M

The property asset involved in the transaction is located at 85 Commerce Drive in Somerset. It is an industrial asset with a sale price of $4,700,000, comprising a total area of 20,269 square feet, resulting in a price per square foot of $231.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,700,000
• Address: 85 Commerce Drive
• Market: Somerset
• Square Feet: 20,269
• Price per Square Foot: $231
• Buyer: Approved Fire Protection
• Seller: PepsiCo/Frito-Lay
• Brokers: Christopher Chiusolo, Kyle Gerace & Sweemit Goswami - NAI DiLeo-Bram & Co.

The transaction featured prominent individuals in the brokerage field, specifically Christopher Chiusolo, Kyle Gerace, and Sweemit Goswami, representing the parties involved in the sale through NAI DiLeo-Bram & Co.