Saxum Real Estate Sells Office Property In Summit, NJ For $12.57M

An office property located at 40 Beechwood Road in Summit, NJ has been sold for a price of $12,570,000. The property spans 19,971 square feet, resulting in a price per square foot of $629. The sale was facilitated by Saxum Real Estate, represented by Anthony Rinaldi. The brokerage firm Marcus & Millichap was involved in the transaction, with brokers Alan Cafiero, Ben Sgambati, and David Cafiero representing Saxum Real Estate.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $12,570,000
• Address: 40 Beechwood Road, Summit, NJ
• Market: Summit, NJ
• Square Footage: 19,971
• Price per Square Foot: $629
• Seller: Saxum Real Estate - Anthony Rinaldi
• Brokers: Alan Cafiero, Ben Sgambati, and David Cafiero - Marcus & Millichap

The office property at 40 Beechwood Road in Summit, NJ was sold through the efforts of Saxum Real Estate, led by Anthony Rinaldi. The transaction also involved brokers Alan Cafiero, Ben Sgambati, and David Cafiero from Marcus & Millichap. The sale price of $12,570,000 and the total square footage of 19,971 were significant factors in the deal.