Marcus & Millichap Sells North Bergen Industrial Property For $11.1 Million | 125 Broad Avenue | Alan Cafiero, Mark Gjonbalaj, Giacomo Fiorenza | Industrial | Sale

Summary

Sale

NEW JERSEY

Industrial

Marcus & Millichap has sold a three-building industrial property in North Bergen for $11.1 million. The property is located at 125 Broad Avenue and is situated on 2.86 acres of land. This attractive investment opportunity features 21 units, two loading docks, and a ceiling height of 26 feet. The high demand for small-bay flex/warehouses in the area resulted in multiple competitive bids for the property.

Summary of transation details

Property Type: Industrial
Transaction Amount: $11,100,000
Address: 125 Broad Avenue
Market: North Bergen
Acres: 2.86

The transaction was facilitated by Mark Gjonbalaj, Alan Cafiero, and Giacomo Fiorenza of Marcus & Millichap. These brokers represented the seller in the deal.

Players

All
4

Agents
3
Agencies
1

Alan Cafiero

Senior Vice President Investments

$494.9M Sold

Mark Gjonbalaj

Licensed Associate Real Estate Broker

$66.8M Sold

Giacomo Fiorenza

$11.1M Sold

Details

Deal Summary

SOLD

IMAGE: Mark Gjonbalaj, Alan Cafiero & Giacomo Fiorenza DATE: 05/16/2023 ADDRESS: 125 Broad Avenue MARKET: North Bergen ASSET TYPE: Industrial ~ ACRES: 2.86 BROKERS: Mark Gjonbalaj (@MGjonbalaj), Alan Cafiero (@AlanCafiero) & Giacomo Fiorenza - Marcus & Millichap (@MarcusMillichap_NewJersey) SALE PRICE: $11,100,000 UNITS: 21 ~ PPU: $528,571 NOTE: Marcus & Millichap has sold a three-building industrial property in North Bergen for $11.1 million, attracting multiple competitive bids due to high demand for small-bay flex/warehouses in the area. The property features 21 units, two loading docks, and 26-foot ceiling height, presenting an appealing investment opportunity in an urban infill submarket

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Address125 Broad Avenue

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