An industrial assemblage in Brooklyn has been sold for $7.5 million. The three-property parcel includes a 15,000-square-foot single-story industrial building and two adjacent 2,500-square-foot lots.
Thomas Brennan and Jakub Nowak of Marcus & Millichap marketed the property on behalf of the seller. Vincent Pan and Tina Lin of Ritz Realty procured the buyer, an owner-user who will occupy the space with their business.
“This sale was a good demonstration of how owner-user demand kept industrial pricing relatively stable last year,” said Brennan. “Our marketing process generated several motivated owner-users bidding on the property, who unlike traditional investors, are willing to bid aggressively with alternative financing. Ultimately the buyer offered to purchase the deal completely as-is to win a contract.”
The post Brooklyn Industrial Assemblage Sold for $8M appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
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