GTJ REIT has acquired an industrial property located at 625 Wortman Avenue in the Spring Creek market. The property is zoned as M1-1 and spans approximately 58,100 square feet. The sale price for this transaction was $14,000,000, resulting in a price per square foot of $240. The property has a building square footage (BSF) of 70,000 and a price per building square foot (PPBSF) of $200.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,000,000
• Address: 625 Wortman Avenue
• Market: Spring Creek
• Zoning: M1-1

The seller of the property was Noamex, represented by Michael Schefren & Gary Schefren. The buyer, GTJ REIT, was represented by Michael Levenstein from The Rochlin Organization.