(To read more on the industrial market, click here.)

MILLVILLE, NJ-The 70,310-sf office/warehouse/manufacturing building at 525 Orange Ave. in this South Jersey community has been sold for $2.3 million, a number that factors out to just less than $33 per sf. The building is situated on a 22-acre site that has room for expansion.

The seller was 9909 West Dean Associates LLC, a Milwaukee-based investment group. In the sale, 9909 West Dean was represented by Jason Wolf, senior vice president of Colliers Lanard & Axilbund of Philadelphia. The buyer was World Acquisition Properties a/k/a SANT Properties, a commercial real estate development and investment group based in Huntingdon Valley, PA.

The asset will continue to be fully occupied by its current tenant under the terms of an existing lease. Silver Cloud Manufacturing, a maker of custom display filters and lenses, uses the site as its headquarters and for its manufacturing operations.

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