Manalapan industrial complex purchased by investor for $4.96 million
Sheldon Gross Realty brokers deal on 66,500-square-foot location
MANALAPAN, NJ (Oct. 12, 2021) – A 66,5000-square-foot, two-building industrial complex in Manalapan has been purchased by an investor for $4,960,000. The deal for the property, at 225 County Road 522, was brokered by Sheldon Gross Realty Sales Representative Matthew Leonelli.
On more than five acres, the Manalapan property features two separate buildings, both of which have ceilings with heights between 16 and 22 feet. Located in Monmouth County, the complex – which, at the time of the sale, was nearly 100% leased – is just a few miles from Route 9 and Route 33, and only a short drive from Exit 8 on the New Jersey Turnpike.
“For a commercial investor, this property represents an exceptional opportunity,” says Leonelli. “First, it’s almost entirely leased, which eliminates one concern buyers of industrial properties often face. In addition, the location is outstanding, with quick access to major roadways, Newark Airport, as well as Philadelphia and New York City.”
The property’s seller is a long-time client of Sheldon Gross Realty Executive Vice President Jonathan Glick.
About Sheldon Gross Realty
Based in New Jersey and licensed in New York State, Sheldon Gross Realty, Inc. offers clients a broad array of specialized services, including office, industrial and retail brokerage; tenant representation; property and asset management; office relocation; and consulting. Founded in 1962, the firm is known for its long-term client relationships, high percentage of repeat business, and a stellar, 95 percent success rate in leasing/selling the property assignment it undertakes. Featuring an exceptional team of professionals renowned for outstanding customer service and committed to unparalleled market research, Sheldon Gross Realty addresses its clients’ corporate real estate needs on a local, regional, and national scale.
Additional information is available online, at www.sheldongrossrealty.com. A free consultation is available by calling 862.930-5714.