1683-1687 St. Georges Ave. in Rahway — Courtesy: The Kislak Co. Inc.
By Joshua Burd
A private investor has acquired a 6,400-square-foot retail building in Rahway for $765,000, in a newly announced deal by The Kislak Co. Inc.
Daniel Lanni, a senior vice president with the brokerage firm, represented seller LMN Financial Group LLC in the transaction at 1683-1687 St. Georges Ave. He noted that the one-story building was fully leased to three tenants at the time of the trade, adding that it was built in 1950 but has a newer roof and HVAC system.
“The long-term owner contacted us since he was ready to retire and wanted a professional marketing and sale process with fast results,” Lanni said. We immediately generated multiple offers and closed in 30 days with an all-cash investor.”
The 14,800-square-foot lot has on-site parking, Kislak said, while also touting Rahway’s growth as a regional center for the arts and its certification as a Film Ready Community through the New Jersey Motion Picture & Television Commission. It’s also home to Merck’s new global headquarters and Robert Wood Johnson University Hospital Rahway.
