NAI James E. Hanson announced it negotiated the sale of a 7,800-square-foot industrial/flex building at 238 High St. in Hackensack.
Vice President Anthony Cassano represented the seller, High Street Hackensack LLC, and the buyer, Vanore Electric, in the NAI James E. Hanson exclusive transaction.
Boasting a flexible layout and a prime location near Interstate 80 and Route 17, 238 High St. features 16-foot ceilings, three overhead doors and a double lot offering onsite parking in the front and rear of the property.
The building’s size, functionality and adaptability for a range of industrial uses made the property an ideal investment for Hackensack-based buyer Vanore Electric.
“Hackensack continues to be a hot market for industrial assets even though constrained supply is pushing sales prices for quality industrial spaces to record highs,” said Cassano. “Despite high pricing, we’re still seeing strong demand from buyers who recognize the value in investing in the market over the long term, as rental rates in the area have also reached all-time highs and show no signs of slowing.”