Bussel Realty Corp Represents Sale of 10082 Sandmeyer Lane in Philadelphia, PA

Metz, Koons and Abbate represent seller of 52,300 s/f industrial building

Philadelphia, PA — Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, today announced it sold 10082 Sandmeyer Ln. in Philadelphia,, a 52,300 s/f industrial building, for $7.05 million.

Jordan Metz, senior vice president, Eric Koons, vice president, and Benito Abbate, sales associate, of BRC, represented the seller, AHR PA Real Estate LLC, and the buyer, HS Property Penn LLC, in the transaction.

“It is a pleasure to work with the same clients over the span of decades or more. Our seller acquired this asset less than two years ago with the intention of occupying the space for its expanding bakery business. Plans to occupy the space changed, and our team was hired to resell the property,” noted Metz. “We were able to secure almost a dozen offers and leverage the intense competition to secure a deal with very few contract contingencies at more than double the original purchase price. It was a pleasure to represent both buyer and seller in this seamless transaction.”

Totaling 52,300 s/f, 10082 Sandmeyer Ln. is a modern manufacturing facility located near I-95, and the Port of Philadelphia with access to the Philadelphia, Southern New Jersey and Del-Mar-Va markets. The property features 3,900 s/f offices, high ceilings, drive-in loading, and surface parking.