Iselin, NJ (PressExposure) May 17, 2011 -- Sperry Van Ness - Richter Grusd, a commercial real estate brokerage firm serving New Jersey, announced the listing of the Avenel Business Center located at 22 Cragwood Road, Avenel, NJ 07001. The 40,000 square foot, multi-tenanted Industrial / Flex property is 100% leased and is being sold by the family of the original developers for $2,995,000.
"This property is being sold for well below its replacement value," says Doug Richter, Managing Director of the Metropark based organization. "Its proximity to the Ports and Newark Liberty Airport makes it an excellent location for businesses looking to serve the state's distribution market."
In addition to its central location off of Exit 12 of the Turnpike, the building includes a diverse base of local and national tenants. Richter states that the investment property provides a perfect opportunity for regional investors to own a property in a bustling submarket.
Managing Directors Doug Richter and Ian Grusd were both recently named Top 20 Advisors in the US by Sperry Van Ness International (SVNI) out more than 800 advisors nationwide. Additionally, a 2011 survey from The Lipsey Company reports that the organization was named as the 10th most recognized brand in commercial real estate.
For more information about this property or Sperry Van Ness' commercial real estate advisory services, contact Doug Richter or Ian Grusd at (732) 906-0505 or visit [http://www.svn-rg.com].