405 Trimmer Road in Lebanon — Courtesy: NAI James E. Hanson
By Joshua Burd
A psychiatrist has acquired a 7,800-square-foot industrial flex building in Hunterdon County, with plans to build out the property as a residential addiction rehabilitation facility.
The buyer, Dr. Henry Odunlami, paid an undisclosed price for the building at 405 Trimmer Road in Lebanon, under a transaction arranged by NAI James E. Hanson. Consisting of two lots that span 15 acres, the building is partially fit-out and constructed for a 13-bed substance use disorder treatment facility, which Odunlami now plans to complete.
NAI Hanson’s Joe Vindigni represented the seller, Scenic Pastures LLC.
“The local market knowledge and marketing expertise of an experienced broker are priceless when it comes to securing the proper buyer for specialized properties like this one,” Vindigni said. “Not only were we able to secure an ideal buyer for our client despite an uncertain economic climate, the buyer we attracted is perfectly suited to the predetermined usage of the property.”
In a news release, NAI Hanson noted that 405 Trimmer Road sits at the intersection of County Road 513, offering proximity to Interstate 78 and Route 202. The site also has approval from the Department of Environmental Protection for construction of an additional 10,500 square feet of flex space.
Odunlami is a board-certified psychiatrist with more than 20 years of experience and practices in Brick, Bridgewater, Livingston and Lawrenceville, NAI Hanson said.