C&W arranges $8.3M sale of 40,700 sq. ft. industrial facility in Hillsborough

A 40,700-square-foot industrial property in Hillsborough has traded for $8.3 million, according to a Friday announcement from Cushman & Wakefield.

Cushman & Wakefield’s Andrew Schwartz, Jordan Sobel, Andre Balthazard, Mark Zaziski, Patrick Decker and Dan Bottiglieri represented the seller, RC Fine Foods, and procured the buyer, SL Industrial Partners, an affiliate of the Silverman Group, in the transaction.

“139 Stryker Lane presented the rare opportunity for investors to acquire a stabilized, high-quality asset in one of the most desirable industrial enclaves in Hillsborough,” Sobel said. “This asset is 100% leased by RC Fine Foods, who has been at the property since 1995.”

Located at 139 Stryker Lane, the property is situated on six acres of land and features 30-foot clear heights, three dock high doors, one drive-in door, a full wet sprinkler system and 59 parking spaces. Additionally, the building is equipped with a roof-mounted solar system.

The property is situated in the Interstate 287 corridor, near Route 206, under an hour drive to the Ports of New York and New Jersey.