Two separate industrial property transactions totaling 77,000 square feet sold for a combined $15.45 million. The warehouse buildings involved in these recent sales are located at 375 Old Bridge Tpke., East Brunswick (32,000 square feet) and 201 11th St., Piscataway (45,000 square feet).
In the East Brunswick trade, NAI DiLeo-Bram & Co. (NAIDB) Sales Associate Kyle Gerace exclusively represented the seller, Kings Cages, and identified the buyer, Kinga Cabinet, in the $7.25 million sale. The circa-1971 single-story building, which occupies 1.6 acres, garnered a per-square-foot sale price of $227. Featuring 12- to 16-foot clear ceiling heights and 2 exterior loading docks, the 375 Old Bridge Turnpike property offers direct connectivity to NJ Route 18, just south of the Cranbury Road interchange. Nearby highways also include I-95 and U.S. Routes 1, 9 and 130.
“Middlesex County is one of the largest and most sought-after commercial real estate markets in the country because it stands out as a major manufacturing and warehouse hub,” said Gerace. “As a result, well-located industrial investment properties have been and continue to command strong interest.”
The NAIDB brokerage team of Gerace and Sales Associates Robert V. DiLeo and Mathew DiLeo exclusively represented the seller, Binsky Snyder, and identified the buyer, Transcontinental Steel, in the $8.2 million sale of 201 11th St., Piscataway. Situated on an almost five-acre corner lot, the single-story building offers expansion potential and ample on-site paved parking. Boasting 12.6-foot clear ceiling heights and 20-foot x 40-foot column spacing, the light industrial building divides into three 15,000-square-foot units.
