Sam Ash Properties Corporation Sells Retail Center In Edison For $5.5 Million

The property involved in the transaction is a retail center located at 1825 State Route 27, Edison, New Jersey. This asset encompasses 21,929 square feet and is situated on 1.29 acres of land, with a sale price of $5,500,000, resulting in a price per square foot of $251.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,500,000
• Address: 1825 State Route 27
• Market: Edison
• Asset Size: 21,929 SF
• Price per Square Foot: $251
• Seller: Sam Ash Properties Corporation
• Broker Representatives: Marc Shein & Robert V. DiLeo - NAI DiLeo-Bram & Co.

Marc Shein and Robert V. DiLeo of NAI DiLeo-Bram & Co. represented Sam Ash Properties Corporation in this transaction. The buyer, identified as an out-of-state grocer, intends to establish the property as a flagship location, benefiting from its prime corner placement and high-traffic area.