October 22, 2021 – Michael Lombardi of Horvath & Tremblay has successfully completed the sale of Brunswick Design in East Brunswick, New Jersey. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,215,000.
Brunswick Design is located at 513 NJ Route 18 South in East Brunswick, New Jersey. Brunswick Design has been at this location since 2017, and recently elected to extend their lease early. Brunswick Design has 3+ years of term remaining on their double-net (NN) Lease with one, 5-year renewal option. Brunswick Design is responsible for all operating expenses and repairs and maintenance of the property except for roof and structural repairs and replacements, providing for an attractive investment for the passive real estate investor. Brunswick Design is situated on a corner parcel at the heavily travelled intersection of NJ Route 18 and Milltown Road. NJ Route 18 is the primary thoroughfare serving East Brunswick and sees more than 67,400 vehicles per day. The Property enjoys outstanding frontage and high visibility on NJ Route 18, and is surrounded by national retailers and larger warehouse, distribution and industrial centers. The property further benefits from outstanding traffic counts, approximately 67,400 vehicles per day pass the Property along NJ Route 18 and an additional 7,600 vehicles pass the Property along Milltown Road.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.