NAI Hanson Facilitate $499,000 Office Building Sale
NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, today announced that it represented the owner in the sale of 177 Valley Street in South Orange, N.J. The 2,800-square-foot office property changed hands for $499,000.
NAI Hanson Vice President Sig Schorr and Sales Associate Joseph F. Vindigni represented the owners, Elaine Harris and Sanford Shifman. The purchaser was Levroc, LLC, which was formed by Drs. Stephen Levine and Mark Roczey of South Orange Chiropractic Center.
“The previous owners were very meticulous and kept the property well maintained,” Schorr noted. “It’s a ideal location for a medical office in the urban Essex submarket.”
Originally constructed in 1895, the three-story building is located on a quarter-acre site and has 10 parking spaces. Currently, 1,000 square feet is available. The property is within walking distance of train and bus stations and a variety of restaurant and shopping destinations in South Orange.
About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 350 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at 201-488-5800 or visit www.naihanson.com.