Sale of 12,000 +/- SF Modern Industrial Building, Cherry Hill, NJ
Sale of 12,000 +/- SF Modern Industrial Building, Cherry Hill, NJ
Property Type: Industrial
Site Size: 12,000 +/- SF
Buyer: Cioffi’s Towing Service, Inc.
Seller: Embee Investments, LLC
Brokers: Adam Rose, President, Jeff Lucas, Director of Business Development
After initially negotiating a lease with purchase option five years ago, Adam Rose and Jeffrey Lucas of Rose Commercial Real Estate represented the seller in the sale of the 12,000 +/- square foot modern industrial building located at 1931 Old Cuthbert Road in Cherry Hill, New Jersey. The building that combines an office, service area and 8,000 square foot warehouse is set on 4.28 acres of land and offers room for expansion – a key feature for the buyer. Other attributes include a large fenced in area, comprehensive utilities and convenient access to Route 70, I-295 and area bridges to Philadelphia. “It was great to once again work Fred Berlinsky and the Markeim Chalmers team,” said Rose speaking of the buyer’s representative. The sale closed in first quarter of 2021 at the above asking price of $1,100,000.00.
