Marcus & Millichap Inc. recently brokered a $3 million sale-leaseback transaction of an 11,607-square-foot industrial property in Green Book Township, New Jersey. The property, which is leased to RSW Auto Group, was sold for $3,050,000. This transaction involved a brand-new 10-year lease commencing at closing. The property, located at 228 US-22, is situated on a 5.5-acre parcel and features modern amenities, including 16-foot ceilings and 28 parking spaces. The site is strategically positioned near national retailers and major highways, enhancing its appeal. RSW Auto Group will continue operations at the location under a new 15-year absolute triple-net lease.
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