Sam Lichtenstein Acquires 70,000 SF Industrial Property In Conshohocken For $2.875M

Midland Properties purchased a 70,000-square-foot industrial property located at 1304 Conshohocken Road in Conshohocken, Pennsylvania, for a total of $2.875 million. The transaction was facilitated by CBRE, with Sam Lichtenstein from Midland Properties emerging as the buyer.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,875,000
• Market: Conshohocken
• Buyer: Sam Lichtenstein - Midland Properties
• Brokers: Adam Silverman, Mike Roden & Steve Marzullo - CBRE
• SF: 70,000
• Price per Square Foot: $41

The sale of the industrial property in Conshohocken, Pennsylvania, not only emphasizes the strategic purchase by Sam Lichtenstein of Midland Properties but also showcases the pivotal role played by the brokerage team from CBRE, including Adam Silverman, Mike Roden, and Steve Marzullo, in successfully closing the deal. Additionally, Midland Properties has outlined plans for substantial renovations aimed at enhancing the property's appeal to potential tenants, further underlining the promising future prospects of this investment.