A prime industrial property in Brooklyn has recently been sold for $7.5 million. The sale includes a 15,000-square-foot single-story building and two adjacent 2,500-square-foot lots.
The property was marketed by Thomas Brennan and Jakub Nowak of Marcus & Millichap on behalf of the seller. The buyer, an owner-user looking to occupy the space with their business, was procured by Vincent Pan and Tina Lin of Ritz Realty.
According to Brennan, this transaction is a testament to the strong demand from owner-users that helped maintain stable pricing in the industrial market last year. The marketing process attracted multiple motivated bidders who were willing to offer competitive financing options unlike traditional investors. Ultimately, the winning bidder secured the deal as-is through an aggressive bid strategy.
This recent sale highlights how attractive Brooklyn’s industrial sector continues to be for both buyers and sellers alike.
