Northmarq’s Commercial Investment Sales team completes $8.3M sale of North Bergen-based Penske industrial facility
Penske Industrial Facility
North Bergen, N.J. — Northmarq’s Los Angeles Commercial Investment Sales team led by Joel Cukier successfully completed the $8.3 million sale of a 13,000-sq.-ft. Penske Truck industrial facility (representative photo above) located at 2901 N. Dell Ave & 2901 Tonnelle Ave in North Bergen, New Jersey.
Northmarq co-broke the deal representing the seller, Sixteen Broadway Corp. The buyer was Penske Truck Leasing.
"The sale represents the strong demand for industrial outdoor storage in prime, dense markets such as the New York/New Jersey metro area, garnering interest from a wide mix of investors,” Cukier said.
Built in 1960, the industrial property sits on 0.5 acres.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
