SOLD
JGA Development Sells 35K SF Office Building In Union Township For $4M
1767 Morris Avenue
Office
35,000 SF
35,000 SF
Sold 241 days ago
Summary
Sale
NEW JERSEY
Office
35,000 sqft
A 35,000-square-foot office building located at 1767 Morris Avenue in Union Township has been sold for $4 million. The transaction was facilitated by Boniakowski Commercial Real Estate Group, with the building's occupancy rate currently standing at 89%. The buyer is a private investor who intends to upgrade the property.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,000,000
- Square Footage: 35,000
- Price per Square Foot: $114
- Address: 1767 Morris Avenue, Union Township
The seller in this deal is JGA Development LLC, while the brokers involved are Todd Gannet from The Boniakowski Commercial Real Estate Group and Sasha Berg from GFI Realty. Their expertise played a crucial role in facilitating the successful sale of the office building.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Todd Gannet & Sasha Berg
DATE: 07/24/2023
ADDRESS: 1767 Morris Avenue
MARKET: Union Township
ASSET TYPE: Office
SELLER: JGA Development LLC
BROKERS: Todd Gannet - The Boniakowski Commercial Real Estate Group; Sasha Berg - GFI Realty (@GFIRealty)
SALE PRICE: $4,000,000
SF: 35,000 ~ PPSF: $114
NOTE: A 35,000-square-foot office building in Union Township was sold for $4 million to a private investor planning to upgrade the property. The sale was facilitated by Boniakowski Commercial Real Estate Group, with the building's occupancy rate at 89%.View on map
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Address1767 Morris Avenue
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