Monday, April 9, 2018

3 NJ Industrial Buildings Recently Trade for $7.6M

by Steve Lubetkin,

  • 9240 Commerce Highway, Pennsauken, NJ was sold for $3.25 million to a private investor. The building is a 67,600 square foot multi-tenant warehouse.
  •  6995 Airport Highway Lane, Pennsauken, NJ, a 60,800 square-foot manufacturing facility, was sold for $2.74 million to Heat Makers Sense, a Brooklyn, NY, hair care products distributor
  • 9265 Commerce Highway, Pennsauken, NJ, a 33,500 square-foot single tenant warehouse purchased for $1.69 million by Draco Broadcast. Draco Broadcast, based in Silicon Valley, CA, is expanding and wanted an East Coast Operation. They provide professional-grade equipment for the video and broadcast industry. The building features 5 loading docks, 3 drive-in doors and 18’-20’ ceilings.

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