NAI James E. Hanson, a Teterboro-based commercial real estate firm, announced on Thursday it has negotiated the sale of an industrial/flex building in Lebanon.
Consisting of two lots that span 15 acres, the 7,800-square-foot property at 405 Trimmer Road is partially fit-out and was constructed for a 13-bed residential addiction rehabilitation facility. It also has approval from the Department of Environmental Protection to construct a 10,500-square-foot flex space.
NAI Hanson’s Joe Vindigni represented the seller, Scenic Pastures LLC, in the deal with the buyer, Dr. Henry Odunlami. The buyer plans to move forward with the original planned usage and will operate a treatment facility at the site. He is a board certified psychiatrist with more than 20 years of experience and has practices in Brick, Bridgewater, Livingston and Lawrenceville.
“The local market knowledge and marketing expertise of an experienced broker are priceless when it comes to securing the proper buyer for specialized properties like this one,” Vindigni said. “Not only were we able to secure an ideal buyer for our client despite an uncertain economic climate, the buyer we attracted is perfectly suited to the predetermined usage of the property.”
The property is located on the corner of County Road 513 and Trimmer Road, with close access to Interstate 78 and Route 202.