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Jade Investments Acquires 7-Acre Industrial Property In Monmouth County For $11.375M

Property Image
SOLD
$11,375,000

New Jersey

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Industrial67,500 SF
Sold 07/10/2024
the dealdetailscomps
Property Image
SOLD

Jade Investments Acquires 7-Acre Industrial Property In Monmouth County For $11.375M

Industrial67,500 SF
Sold 07/10/2024
the dealdetailscomps

Summary

Asset Type:Industrial
Price Per Square Foot:$168
Total Square Footage:67,500 SF
Transaction Type:Sale

The property involved in this transaction is a 7-acre flex industrial and IOS asset located in Monmouth County, New Jersey. The acquisition price was $11,375,000, equating to a purchase price per square foot of $169 for the property, which encompasses 67,500 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $11,375,000
  • Buyer: Jade Investments
  • Sale Date: 07/10/2024
  • Market: Monmouth County
  • Square Footage: 67,500
  • PPSF: $169

Jade Investments has made this acquisition as its first investment in the New Jersey market, with plans to expand its industrial footprint. The company focuses on both off-market and marketed transactions across the United States, specifically targeting Small Bay/Flex Industrial and Multifamily assets, particularly in the Sunbelt and select Northeast markets with an emphasis on opportunistic and distressed assets.

Details

SOLD
IMAGE: 07/10/2024 MARKET: Monmouth County ASSET TYPE: Industrial BUYER: Jade Investments SALE PRICE: $11,375,000 SF: 67,500 ~ PPSF: $169 NOTE FROM BUYER: Jade Investments has successfully acquired a 7-acre, 70,000 sf flex industrial and IOS property in Monmouth County, New Jersey for ~$12m. The acquisition is Jade's first investment in the New Jersey market, where it plans on growing its industrial footprint. Jade Investments is a Private Real Estate Investment company and is working on both off-market and marketed transactions throughout the US. Jade is actively targeting Small Bay/Flex Industrial and Multifamily assets across the Sunbelt and select Northeast markets, with a focus on opportunistic and distressed asset types. For more information about this deal or to inquire about future opportunities, please visit Jadeinvestments.com.

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