5 Mars Court, Montville

Garden State Realty Facilitates Sale of 34,000 SF Industrial Building in Montville, New Jersey for $6.7 Million

Montville, NJ – In a notable transaction that underscores the dynamic real estate market in New Jersey, Garden State Realty's Robert Adams has successfully brokered the sale of a 34,000 square foot industrial building in Montville. The property, previously owned by a manufacturing company undergoing relocation, has been acquired by a warehouse distribution user for $6.7 million.

The sale price, just under $200 per square foot, highlights the robust demand for quality industrial space in the region. This transaction was particularly significant due to the unique features of the property, which includes both original and newly constructed sections, catering to diverse industrial needs.

The building boasts 12-foot ceiling heights in the originally constructed portion, providing ample space for various manufacturing and storage applications. The recently added section features 24-foot ceiling heights, enhancing the building's utility for warehousing and distribution purposes. Additionally, the new addition includes three modern loading docks, facilitating efficient logistics operations and further increasing the property's appeal to the new owner.

"We are delighted to have successfully facilitated this transaction," said the broker Robert Adams from Garden State Realty. "The property’s prime location and versatile features made it an attractive investment for the buyer, and we are confident it will serve their distribution needs exceptionally well."

The manufacturing company that sold the property is relocating to a new facility that better suits its evolving operational requirements. This move opens up new opportunities for the company while contributing to the dynamic nature of the local real estate market.

The new owner, a warehouse distribution user, is set to benefit from the property's strategic location and modern amenities. The three new loading docks and the high-ceiling areas are particularly advantageous for handling a large volume of goods, making the facility ideal for warehousing and distribution operations.

This transaction not only highlights Garden State Realty's expertise in navigating complex industrial property sales but also reflects the strong demand for versatile industrial spaces in the Montville area. The sale is expected to have a positive impact on the local economy by attracting more business activities and employment opportunities to the region.

As Garden State Realty continues to demonstrate its proficiency in the commercial real estate sector, this successful sale reinforces its reputation as a leading brokerage firm in New Jersey. The firm's ability to match properties with the right buyers ensures optimal outcomes for all parties involved.

The Montville community looks forward to the operational start of the new warehouse distribution user, which promises to bring increased economic activity and job opportunities to the area, fostering growth and development in this vibrant region.

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