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

• Property Type: Industrial
• Transaction Amount: $7,500,000
• Address: 345 Crooked Hill Road, Brentwood
• Market: Brentwood
• Buyer: Green Packaging Int'L
• Seller: Kem Associates
• Brokers: Brian Sarath, Nicholas Gallipoli, Thomas DeLuca & John Giannuzzi - Cushman & Wakefield
• Square Footage: 54,400
• Price per Square Foot: $138

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].