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Brookfield Acquires Industrial Property In Carlstadt, NJ For $7M

314 16th Street
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This Industrial property located in NJ was sold for $7,000,000 almost 4 years ago. The brokers of the deal were Marc Duval and Jordan Avanzato

An industrial property located at 314 16th St in Carlstadt, NJ, was recently sold in a transaction. The property spans a total of 42,169 square feet and is situated on 2.44 acres of land. The sale price for this industrial asset was $7,000,000, resulting in a price per square foot of $166 and a price per acre of $2,868,852.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,000,000
  • Square Footage: 42,169
  • Price per Square Foot: $166
  • Acres: 2.44
  • Price per Acre: $2,868,852

Brookfield acquired the property from 95West. The transaction was facilitated by Marc Duval, Jordan Avanzato, and Nicholas Stefans represented by Marc Duval, Jordan Avanzato from JLL.

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Deals
  • Location
    314 16th Street, Carlstadt, NJ 07072, USA314 16th Street, Carlstadt, NJ 07072, USA
  • Sale Price
    $7,000,000$7,000,000
    $166 PPSF$166 PPSF
  • Area
    42,169 SF42,169 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Marc Duval

Marc Duval

Deals43
Sold$2.2B

Jordan Avanzato

Jordan Avanzato

Deals44
Sold$2.2B

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

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Deal Summary

SALE IMAGE: Marc Duval, Jordan Avanzato & Nicholas Stefans DATE: 06/01/2021 ADDRESS: 314 16th St MARKET: Carlstadt, NJ ASSET TYPE: Industrial BUYER: Brookfield SELLER: 95West BROKERS: Marc Duval, Jordan Avanzato @JordAvz7 - JLL SALE PRICE: $7,000,000 SF: 42,169 ~ PPSF: $166 ACRES: 2.44 ~ PPA: $2,868,852

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314 16th Street

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