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Star Glo Sells 6.0 Acre Development Site In East Rutherford For $10M

2 Carlton Avenue
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This Development Site property located in NJ was sold for $10,000,000 over 2 years ago. The brokers of the deal were Jack Drillock and Yanni Marmarou

A development site located at 2 Carlton Avenue in East Rutherford has been sold for $10,000,000. The property spans across 6.0 acres and is zoned for industrial use. It offers a total of 177,000 square feet of space. The sale was facilitated by the Marmarou Team, representing Star Glo Inc, in a sale-leaseback transaction. The property was sold with no contingencies.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $10,000,000
  • Address: 2 Carlton Avenue
  • Market: East Rutherford

The Marmarou Team, consisting of Yanni Marmarou and Jack Drillock (JDrills21), represented Star Glo Inc in the sale of the property. B6 Real Estate Advisors served as the brokers in the deal. For more information, please visit www.theMarmarouTeam.com.

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Deals
  • Location
    2 Carlton Avenue, East Rutherford, New Jersey 07073, United States2 Carlton Avenue, East Rutherford, New Jersey 07073, United States
  • Sale Price
    $10,000,000$10,000,000
    $56 PPSF$56 PPSF
  • Area
    177,000 SF177,000 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Jack Drillock

Jack Drillock

Deals13
Sold$70.2M

Agency

Investment Property Realty Group (IPRG)

Investment Property Realty Group (IPRG)

Agency
Deals1133
Volume$3.8B

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Deal Summary

SALE IMAGE: Yanni Marmarou & Jack Drillock DATE: 12/22/2021 ADDRESS: 2 Carlton Avenue MARKET: East Rutherford ASSET TYPE: Development Site SELLER: Star Glo - Mike Mazze BROKERS: Yanni Marmarou (@ThatBrokerYanni) & Jack Drillock (JDrills21) - B6 Real Estate Advisors SALE PRICE: $10,000,000 BSF: 177,000 ~ PPBSF: $56 SF: 177,000 ~ PPSF: $56 NOTE FROM BROKERS: The Marmarou Team exclusively represented Star Glo Inc in the sale of this 6.0 Acre, 177,000 SF industrially zoned site. Property sold with no contingencies in a sale-leaseback transaction. For more information, please visit www.theMarmarouTeam.com

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2 Carlton Avenue

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