**Turnbridge Equities Acquires Industrial Warehouse in Dayton, NJ for $23.75M**
Turnbridge Equities has announced the acquisition of a one-story, 143,280-square-foot industrial warehouse located at 138 Georges Road in Dayton, New Jersey. The property is strategically situated near Exit 8A of the New Jersey Turnpike (Interstate 95), a premier logistics corridor in the region. The asset was acquired out of foreclosure for a purchase price of $23.75 million.
Originally built as a 102,000-square-foot facility, the warehouse was expanded in 2023 with an additional 41,000 square feet. Turnbridge plans to launch a $4 million value-add improvement program, which will include upgrades such as the installation of additional loading docks, a new roof, and the integration of solar panels.
“The property’s vacant delivery enables us to execute on our business plan immediately, bringing the building up to institutional standards and reintroducing it to the market at a time of persistent demand for modern warehouse space,” said Ryan Nelson, Managing Principal at Turnbridge Equities.
NAI James E. Hanson’s Eric Demmers and Russell Verducci will serve as the leasing agents for the facility, while Emanuel Westfried of TwoBins Capital acted as the broker in the sale transaction.
