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Manufacturing Facility Sold to Self Storage Firm for $2.7 Million

Manufacturing Facility Sold to Self Storage Firm for $2.7 Million
Posted: 6/6/2017 Link: NJBiz.com
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A New Brunswick manufacturing facility totaling 50,000 square feet on a-3.8 acre site recently sold for $2.7 million, Sheldon Gross Realty announced.

The facility, at 1007 Jersey Ave., was purchased by Macritchie Storage, a private investment company that specializes in acquiring properties and converting them into self storage locations.

“I’d initially thought this property would be purchased by another manufacturer, but it turned out to be an excellent fit for Macritchie Storage,” Executive Vice President of Sheldon Gross Jonathan Glick said. “The location is ideal for them, and the building’s footprint is well-suited to their specific needs.”

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