SOLD
Toranco Somerset LLC Acquires Office Building In Somerset For $5M
100 Davidson Avenue
Office
64,709 SF
64,709 SF
Sold 279 days ago
Summary
Sale
NEW JERSEY
Office
64,709 sqft
The $5 million sale of a 64,709-square-foot office building in Somerset, located at 100 Davidson Ave., has been facilitated by Zimmel Associates. The property offers multiple tenants, 258 surface parking spaces, and benefits from its strategic location near Interstate 287, New Jersey Transit, and Newark Liberty International Airport.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,000,000
- SF: 64,709
- PPSF: $77
- Address: 100 Davidson Avenue
- Market: Somerset
Titan Mahagun LLC acquired the office building from the seller, Toranco Somerset LLC. The buyer was represented by the Torsiello Organization, while Zimmel Associates, comprising David Zimmel, Jason Zimmel, and Joel Natter, acted as the seller's representative in the transaction.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: David Zimmel, Jason Zimmel & Joel Natter
DATE: 08/08/2023
ADDRESS: 100 Davidson Avenue
MARKET: Somerset
ASSET TYPE: Office
BUYER: Toranco Somerset LLC
SELLER: Titan Mahagun LLC
BUYER'S REP: Torsiello Organization
SELLER'S REP: David Zimmel, Jason Zimmel & Joel Natter - Zimmel Associates (@ZimmelAssociates)
SALE PRICE: $5,000,000
SF: 64,709 ~ PPSF: $77
NOTE: Zimmel Associates facilitated the $5 million sale of a 64,709-square-foot office building in Somerset to Titan Mahagun LLC. The building, located at 100 Davidson Ave., offers multiple tenants, 258 surface parking spaces, and a strategic location near Interstate 287, New Jersey Transit, and Newark Liberty International Airport.View on map
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Address100 Davidson Avenue
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