807 Route 35 North in Ocean Township — Courtesy: Zimmel Associates
By Joshua Burd
The site of a luxury auto dealership in Monmouth County has changed hands for the second time in 30 days, in a set of transactions arranged by Zimmel Associates.
The firm announced Friday that it represented DAG New Jersey in the sale of 807 Route 35 North in Ocean Township, a 2.5-acre property that is home to a Range Rover dealership. Salvador Dip, who owns another dealership in Union County, acquired the property and plans to use it for the same purpose.
The deal follows an earlier sale brokered by David Zimmel, the firm’s president, who noted that DAG occupied the 15,300-square-foot building at the time of the first deal. The two sales had a combined value of more than $8 million.
“We were thrilled to be able to sell this property twice within a very short period of time,” Zimmel said.
