SOLD
The Adoni Group Acquires Retail Property In Westfield, NJ For $19.2M
260 North Avenue East
Retail
31,250 SF
31,250 SF
Summary
Sale
NEW JERSEY
Retail
31,250 sqft
A retail property located at 260 North Avenue E in Westfield, NJ was recently sold for $19,225,000. The property spans 31,250 square feet, resulting in a price per square foot of $615. The transaction took place on October 8, 2021, and was facilitated by the broker Josh Goldflam from Highcap Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $19,225,000
- Address: 260 North Avenue E, Westfield, NJ
- Market: Westfield, NJ
- Buyer: The Adoni Group - Sonny Adoni
- Seller: ACNY Developers Inc. - Bill Cook
- Broker: Josh Goldflam - Highcap Group
The retail property is a leased shopping center anchored by Walgreens, located in the heart of Westfield, NJ. The transaction resulted in a 5.6% capitalization rate (CAP rate). For any inquiries regarding buying or selling, please contact Josh Goldflam at [email protected].
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Details
SOLD
IMAGE: Josh Goldflam
DATE: 10/08/2021
ADDRESS: 260 North Avenue E.
MARKET: Westfield, NJ
ASSET TYPE: Retail
BUYER: The Adoni Group - Sonny Adoni
SELLER: ACNY Developers Inc. - Bill Cook
BROKER: Josh Goldflam (@JoshGoldflam) - Highcap Group (@Highcap_Group)
SALE PRICE: $19,225,000
SF: 31,250 ~ PPSF: $615
NOTE FROM @Highcap_Group: Leased Shopping Center anchored by Walgreens in the middle of the town of Westfield, NJ. The property traded for a 5.6% CAP Rate. Josh Goldflam was the exclusive advisor for the sale. Contact Josh for any buying or selling inquiries at:
📧 [email protected]View on map
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Address260 North Avenue East
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