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Industrial Flex Sale in Whippany at 9 Whippany Rd for $19,500,000
Successful Sale of 9 Whippany Rd
The recent sale of the industrial flex property at 9 Whippany Rd, Whippany, marks a significant triumph in our portfolio. As the commercial real estate broker responsible for this transaction, we are proud to announce the seamless completion of this deal, showcasing our commitment to excellence and client satisfaction.
Sale Overview
Involved in this successful sale were our esteemed team members. This property attracted buyers with its strategic location and robust infrastructure.
Sale Price: $19,500,000.00
Address: 9 Whippany Rd, Whippany
Asset Class: Industrial Flex
Price Per Square Foot: $118.18
Building Specifications
The property stands as a testament to architectural ingenuity with its advantageous design and capabilities.
Year Built: 1953 / 1984
Stories: 2
Lot Dimensions and Square Footage: 544,500
Total Rentable Square Footage: 66,907 SF
Location Benefits
Whippany is renowned for its vibrant community and strategic location. The neighborhood offers a blend of business acumen and serene environments, making it highly desirable.
Commuter Rail:
Morris Plains (Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)): 9 min, 5.0 mi
Convent Station (Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)): 12 min, 5.4 mi
Airport:
Newark Liberty International: 30 min, 22.7 mi
LaGuardia: 59 min, 41.8 mi
Sale Details
Full Price: $19,500,000.00
Price Per SF/BSF: $118.18
Buyer Name: Andover Subacute and Rehab Center Two
Seller Name: Douglas Properties,628 RT.10, LLC
Market Analysis
The local real estate market continues to flourish, with industrial flex properties being highly sought after. This property aligns perfectly with the current market trends, emphasizing location efficiency and versatile usage.
Conclusion
This sale underscores the property's strategic advantages and the thriving real estate market in Whippany. It stands as a beacon of successful transactions, reflecting our expertise and dedication in facilitating remarkable real estate deals.
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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Mon – Fri 9:00am – 4:00pm
Phone Number:
(305) 987-3053
