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Exeter Acquires Industrial Property In Branchburg, NJ For $21.4M

3070 Route 22
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This Industrial property located in NJ was sold for $21,400,000 about 3 years ago. The brokers of the deal were Jordan Avanzato, Marc Duval, and Jose Cruz

An industrial property located at 3070 Rt. 22 in Branchburg, NJ has been sold for $21,400,000. The property spans 214,388 square feet, resulting in a price per square foot of $100.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $21,400,000
  • Address: 3070 Rt. 22, Branchburg, NJ
  • Market: Branchburg, NJ

The buyer of the property was Exeter, while the seller was Merck. The deal was facilitated by Jose Cruz, Jordan Avanzato, and Marc Duval from JLL.

View Related

Deals
  • Location
    3070 U.S. 22, Branchburg, NJ, USA3070 U.S. 22, Branchburg, NJ, USA
  • Sale Price
    $21,400,000$21,400,000
    $49 PPSF$49 PPSF
  • Area
    430,550 SF430,550 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Marc Duval

Marc Duval

Deals43
Sold$2.2B

Jordan Avanzato

Jordan Avanzato

Deals44
Sold$2.2B

Jose Cruz

Jose Cruz

Deals66
Financed$5.6B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

[embed] SALE IMAGE: Jose Cruz, Jordan Avanzato & Marc Duval DATE: 03/05/2021 ADDRESS: 3070 Rt. 22 MARKET: Branchburg, NJ ASSET TYPE: Industrial BUYER: Exeter SELLER: Merck BROKERS: Jose Cruz, Jordan Avanzato @jordavz7 & Marc Duval - JLL SALE PRICE: $21,400,000 SF: 214,388 ~ PPSF: $100

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3070 Route 22

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