Orange, CT Matthew Keefe, president, and Franco Fellah, executive vice president, negotiated the sale of 181 Marsh Hill Rd. for $16.05 million.
The 162,036 s/f warehouse/distribution building sits on a 15.1 acre parcel zoned, LI-2, was built in 1992 and has ceiling heights up to 28’ clear.
The property was fully leased to two tenants; Bunzl, a British company that deals with paper goods, and Restaurant Depot, a supplier of foods and other needs to the restaurant industry.
The seller was Westchester County, NY based, the buyer was an institutional investor.
HK Group was the only broker involved in the transaction.