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Industrial Flex Sale in East Hanover at 11 Melanie Lane for $8,820,000
Successful Sale of 11 Melanie Lane
The recent sale of the Industrial Flex property located at 11 Melanie Lane, East Hanover, NJ, marks a significant milestone in the local real estate sector. As a leading commercial real estate broker, we had the privilege of overseeing this successful transaction.
Sale Overview
This property stood out due to its strategic location and flexible usage possibilities. Key property highlights include:
Sale Price: $8,820,000
Address: 11 Melanie Lane
Asset Class: Industrial Flex
Lot Size: 158,168
Building Specifications
The 70,000 SF building is designed to meet diverse industrial needs, offering flexibility and efficiency. Built with quality and durability in mind, the structure is perfectly suited for various business operations. Key location benefits include:
Proximity to major highways: Enhances logistical and transport efficiency.
Access to public transportation: Provides convenience for employees and clients.
Dynamic local economy: Situated in a thriving commercial area that supports business growth.
Location Benefits
East Hanover is renowned for its robust commercial landscape and vibrant community. Nearby attractions include the Livingston Mall and The Funplex, located just a short drive away. Access to transportation is seamless, with close proximity to Interstate 287 and Route 10, enhancing connectivity and making the property a prime location for business operations.
Sale Details
Full Price: $8,820,000
Price per SF: $126
Buyer: Vision Real Estate Partners LLC
Units: 25
Market Analysis
The East Hanover real estate market is currently buoyant, characterized by high demand for industrial spaces. This property aligns with the trend of increasing interest in flexible industrial facilities, offering a promising investment potential. The sale reflects the growing confidence in the area's economic prospects.
Conclusion
This property's unique selling points, such as its strategic location and versatile structure, made it a standout in the market. The significance of this sale lies in its reflection of current real estate trends and the robust demand for industrial flex spaces. Our company is proud to have facilitated this transaction, showcasing our expertise and commitment to excellence in commercial real estate.
For inquiries or further information, please contact our office.
Christian Peter
Founder of Dark Horse Commercial Real Estate, a Miami-based firm specializing in income-generating commercial properties.
With 20+ years in the business, he’s helped clients buy, sell, and invest across Industrial, Multi-Family, Retail, and Office assets.
Assistance Hours
Mon – Fri 9:00am – 5:00pm
Phone Number:
(305) 987-3053
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Phone Number:
(305) 987-3053
