The surge in online shopping and a trend away from just-in-time inventories are factors that are driving tenant demand for warehouse space.

The seller of the 300-unit building is Jonathan Shechtman of New York-based Axonic Properties.

Cushman & Wakefield served as the exclusive adviser to Alfred Weissman Real Estate in the deal.

Essential services are popular, but so are stores that offer items that aren't as easy to find online.