The Avidan Group Sells Self Storage Property On Fairmount Ave In Elizabeth

The 138,642-square-foot cold storage facility located at 900 Fairmount Ave in Elizabeth, NJ, was recently sold. Constructed in 2016, the property boasts 60-foot clear heights, 18 temperature-controlled loading docks, and 4,800 square feet of office space. At the time of sale, the facility was fully leased to Seafrigo Cold Storage.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not disclosed
• Buyer: Undisclosed
• Buyer's Representative: Michael Oliver from JLL
• Seller: The Avidan Group
• Market: Elizabeth

Michael Oliver, Marc Duval, Jordan Avanzato, Nicholas Stefans, and Jose Cruz from JLL acted as representatives for the buyer in this transaction. The seller of the property was a joint venture between The Avidan Group and Elberon Development Group, who were represented in-house.