Ridgecut Road Acquires 4.8 Acre Industrial Property In Union New Jersey For $21.7M

The property asset involved in this transaction is a 4.8-acre industrial outdoor storage site located at 1200 Springfield Road in Union, New Jersey. The sale price for this property was $21,700,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21,700,000
• Buyer: Ridgecut Road
• Seller: RCG Realty LLC
• Brokers: Jordan Metz, Benito Abbate & James Friel - Bussel Realty
• Market: Union, NJ

The transaction involved Ridgecut Road acquiring the property as part of a 1031 exchange facilitated by RCG Realty LLC. The Metz Industrial Group was instrumental in representing both the buyer and seller in this deal while also coordinating the acquisition of two replacement properties.