94-98 Parkhurst St. in Newark — Courtesy: The Quinas Cos. Inc.
By Joshua Burd
A local investor has purchased a nearly 6,300-square-foot industrial property in Newark for $1 million, in a newly announced deal by The Quinas Cos. Inc.
According to a news release, the trade of 94-98 Parkhurst St. came by way of an estate that was liquidating its real estate holdings. The deal closed 45 days after contract signing, the brokerage team said, noting that the buyer moved “swiftly and decisively” with a cash offer at full asking price for the 6,250-square-foot warehouse.
Ryan Cerqueira of The Quinas Cos. represented both parties.
“This transaction highlights the continued strong investor demand for well-located assets in Newark with easy access to the port and major highways,” he wrote in the news release.
