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345 Crooked Hill Road
SOLD

Green Packaging Int'L Acquires Industrial Building In Brentwood For $7.5M

345 Crooked Hill Road

Industrial
54,400 SF
clock iconSold 167 days ago
Brian Sarath
John Giannuzzi
Thomas (Tom) DeLuca
+ 2
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Summary

Sale
NEW YORK
Industrial
54,400 sqft

The property involved in this transaction is a 54,400 SF industrial building located at 345 Crooked Hill Road in Brentwood. The property sits on 3.5 acres of land and is being used for IOS purposes. The sale price for this property was $7,500,000, resulting in a price per square foot of $138.

Summary of transaction details

The buyer for this property is Green Packaging Int'L, while the seller is Kem Associates. The transaction was facilitated by brokers Brian Sarath, Nicholas Gallipoli, Thomas DeLuca, and John Giannuzzi from Cushman & Wakefield. The property was sold by a family who has owned and operated out of the premises since the late 70's.

Due to certain conditions outside of the owner's control, the ownership urgently requested the sales team to find a buyer who could sign a non-contingent contract within 2 days and close within 10 days from the PSA execution. Despite the tight timeline, the sales team successfully found a buyer who not only met these requirements but also had the capacity to take on the business. As a result, 100 local skilled tradespeople's jobs were saved in the process.

If you own a similar asset and would like more information or market intelligence, you can reach out to Brian Sarath at [email protected].

Players

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    5

  • Agents

    4

  • Agencies

    1

Brian Sarath's profile picture
Brian Sarath
Cushman & Wakefield-image
Executive Director
$125.2M Sold
John Giannuzzi's profile picture
Thomas (Tom) DeLuca's profile picture

Details

Deal Summary
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SOLD
IMAGE: Brian Sarath, Nicholas Gallipoli, Thomas DeLuca & John Giannuzzi DATE: 12/01/2023 ADDRESS: 345 Crooked Hill Road MARKET: Brentwood ASSET TYPE: Industrial BUYER: Green Packaging Int'L SELLER: Kem Associates BROKERS: Brian Sarath (@SarathSellsQueens), Nicholas Gallipoli, Thomas DeLuca & John Giannuzzi - Cushman & Wakefield (@CushWake) SALE PRICE: $7,500,000 SF: 54,400 ~ PPSF: $138 NOTE FROM BROKER: This property is a 54,400 SF industrial building sitting on 3.5 acres of land being used for IOS purposes. The property was sold by a family who’s owned and operated out of the premises since the late 70’s. Due to conditions outside of our control, ownership asked our Team to imminently find a buyer who was able to sign a non-contingent contract within 2 days and close within 10 days TOE from PSA execution. Via tireless efforts, the sales team was able to flawlessly execute on ownership's wishes. Not only were we able to find the buyer under these requisites, but a buyer that had the capacity to take on the business as well. Through these efforts, 100 local skilled tradespeople’s jobs were saved in the process. If you own a similar asset, please reach out to [email protected] for more information or market intel.

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Address345 Crooked Hill Road

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