Ryan Elmer Purchases Retail Space At 785 New Jersey Highway 22 For $2.5M With Besen Partners

The property asset involved in this transaction is a retail space located at 785 New Jersey Highway 22 in North Plainfield. The sale price was set at $2,500,000, encompassing a total square footage of 19,845, resulting in a price per square foot of $125.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,500,000
• Address: 785 New Jersey Highway 22
• Market: North Plainfield
• Square Footage: 19,845
• Price Per Square Foot: $125
• Buyer: Ryan Elmer
• Seller: Yaakov Daniel
• Brokers: Samuel Finkler & Reese Weaver - Besen Partners

The key individuals involved in this transaction are Ryan Elmer, the buyer, and Yaakov Daniel, the seller. The brokerage team of Samuel Finkler and Reese Weaver from Besen Partners represented the seller, successfully negotiating the deal despite a challenging debt environment by arranging a seller-financing transaction.