NAI James E. Hanson Negotiates Sale of 2.7-Acre Industrial Parcel in Western Morris County

Jan 19, 2021

Kenvil, N.J. (January 19, 2021) – NAI James E. Hanson announces it has negotiated the sale of a 2.7-acre parcel of land at 82 N. Dell Avenue in Kenvil, N.J. NAI James E. Hanson’s John Schilp represented the seller, F&P Investments, LLC, and the buyer, 82 North Dell Avenue LLC, in the NAI James E. Hanson exclusive transaction.

Conveniently located in western Morris County, 82 N. Dell Avenue is situated between Interstate 80 and Route 46 with easy access to Interstate 287 and Routes 10 and 15. In addition to the site’s tremendous connectivity to western and northern New Jersey, the property boasts flexible industrial zoning including an accommodation for outdoor storage of equipment and materials that is difficult to find in the Morris County submarket for a parcel of this size. Currently, the site features a residential home geared toward office usage and two garages, making it well-suited for a user searching for a combination of office space and outdoor/indoor storage in the area.

82 N. Dell Avenue’s location and flexibility made it an ideal fit for the buyer, a full-service production and construction management company, as they sought to relocate their business from their current home in Dover, N.J. 82 North Dell Avenue LLC plans to utilize the residential property on the site as an office space and will use the garages and land for storage of equipment.

“When marketing such a unique property, it is critical for the marketing strategy to be built upon a deep understanding of the local market and the needs of buyers within it,” said Schilp. “Our team takes great pride in our ability to understand local market conditions in areas like Kenvil to help buyers find spaces that are perfect for their businesses and assist sellers in attracting fair market value for their assets, especially for properties with in-demand features that are very hard to find in the area.”

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