Raymond Eshaghoff Sells Retail Property At 16 US Route 46 In Pine Brook For $8.625M

The property asset involved in this transaction is a retail asset located at 16 US Route 46, Pine Brook. The sale price for the property was $8,625,000, comprising a total square footage of 5,585, which results in a price per square foot of $1,544.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,625,000
• Address: 16 US Route 46
• Market: Pine Brook
• Square Footage: 5,585
• Price per Square Foot: $1,544
• Seller: Raymond Eshaghoff
• Brokers: Mario Brunelli - RJBrunelli & Co.; Bill Howard - Bennett Realty & Development

This transaction featured the involvement of Mario Brunelli from RJBrunelli & Co. and Bill Howard from Bennett Realty, both representing the seller in this sale. The process of the transaction was facilitated by a buyer completing a 1031 exchange, ensuring a smooth and timely closing for all parties involved.