NAI James E. Hanson Negotiates Sale of 10,000-Square-Foot Retail Building in Byram, N.J.

May 4, 2022

Byram, N.J. (May 4, 2022)NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of a 10,000-square-foot mixed-use building at 238 Route 206 in Byram, N.J. NAI James E. Hanson’s Joe Vindigni and John Schilp represented the sellers, H. Robert and April Kaprelian, and United Real Estate of North Jersey represented the buyer, Thomas Capo, in the transaction.

Situated on 2.35 acres, 328 Route 206 is well-maintained 10,000-square-foot building featuring flexible retail and office space as well as two apartments with two bedrooms, two recently paved parking lots, a backup generator, an elevator within the retail space and a premium location along Route 206.

Recognizing their unmatched knowledge and history of proven results in the northern N.J. retail market, the seller tapped NAI James E. Hanson to market the property for sale with the expectation of capitalizing on the demand for quality retail space within Sussex County. Its immaculate condition as well as its passive income potential caught the eye of Thomas Capo, who was relocating from Lake Hopatcong and searching for a flexible space. The buyer intends to use the property as a sales and inventory center for his business, KPODJ Lighting & DJ Gear.

“The past two years have forced businesses to reassess their short and long-term plans,” said Vindigni. “Relocations are becoming increasingly common as companies of all sizes look to adjust and find spaces that better fit their evolving needs. Amidst this ongoing shift, property owners have a unique opportunity to capitalize on the market and secure premium values for their adaptable properties across northern New Jersey.”

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