Burlington, New Jersey – July 6, 2017 Colliers International is pleased to announce the sale of a 40,500-square-foot industrial building located at 105 Connecticut Drive in Burlington, New Jersey for $2.7M or $63.50/sf. Marc Isdaner of Colliers International exclusively represented the seller while the buyer was represented by NAI Mertz.
The property was purchased by Crossroads Industrial LLC, relocating from New York, and using the site as a warehouse for NYB Distributors. Financing is being provided by Morgan Stanley Bank.
The fully air-conditioned, single-story office/warehouse facility features approximately 18,000 square feet of modern office space, 20’ clear height in the warehouse, four tailgate doors and one van-height door. The property is strategically located in the Crossroads Business Park at Exit 47 of I-295, and is within minutes of the Betsy Ross, Burlington-Bristol, Benjamin Franklin and Tacony Palmyra Bridges via Routes 73 and 130. For more information, contact Marc Isdaner at 856 414 4900.