85 Herman Street
Update
03/22/24
East Rutherford Warehouse Trades for $19.4M
A Class-A, industrial warehouse building, located at 85 Herman Street in East Rutherford, New Jersey, has just been sold for $19.4 million. The property was purchased by Sagard Real Estate from the developer and previous owner, Deugen Development, in a deal brokered by Avison Young and CBRE.
Recently completed in late 2023, the development is ideally suited for medium to large-scale distribution operations.
Designed by Jarmel Kizel Architects, the 47,310 square foot building features 4 loading dock doors, 1 drive-in door, 3,000 square feet of auxiliary office space, 36-foot interior clearance heights, 45’ x 45’ column spacing, an ESFR fire sprinkler system, and an employee parking lot, with enough room for 41 vehicles.
Spanning 2.58 acres, the property is conveniently located just 4 miles from the NJ Turnpike and 10 miles from NYC.
