NAI Hanson Represents Seller in Long Valley, N.J. Industrial Transaction
NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, today announced the sale of a well-maintained industrial/flex site located at 438 W. Mill Road in Long Valley, N.J. The sale price was $440,000.
The 5,000-square-foot building is situated on a 3.3-acre lot and features 500 square feet of office space, one drive-in loading doors, two bathrooms, a 14-foot ceiling height and approximately 575 feet of frontage. It has a fenced contractors’ yard with storage shed, two heating and central air conditioning, circular drive, and overhead doors.
NAI Hanson Sales Associate Joseph F. Vindigni represented the seller, RODCAB Construction Co., Inc. Buyer Precision Motorsports Racing plans to use the site as a new repair center specializing in Porsche rebuilds and maintenance.
“We marketed this property to a specific audience because its attributes are ideal for a buyer in an auto-related business, contracting or landscaping company,” Vindigni said. “The seller was very motivated, and this deal represents a change in direction for this valuable property.”
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.