Garibaldi sells 24,610 s/f industrial property to a non-industrial user
OAKLAND, NJ — The Garibaldi Group has announced the sale of 138 Bauer Dr. in Oakland located in the Oakland-McBride Center. Totaling 24,610 s/f of zoned industrial park, the property comes fully air conditioned and sprinklered. As traditional industrial tenants have vacated the park over the years, Oakland-McBride Center continues to see non-conforming applications for buildings within its campus. This trend has become common in the New Jersey real estate market, even as the central region has seen a significant uptick in industrial activity. 138 Bauer Dr. is no different as future plans for the property will focus on a religious community center and temple. The transaction was completed by Ed Flanagan and Maureen MacLachlan of The Garibaldi Group and was overseen by company president, Jeff Garibaldi. The property was sold for an undisclosed amount on behalf of the owner LDR Realty Corporation, LLC.