A 10,000-square-foot mixed-use building in Byram Township has been sold, according to real estate firm NAI James E. Hanson.
The property, at 238 Route 206, was sold by H. Robert and April Kaprelian to Thomas Capo. NAI Hanson’s Joe Vindigni and John Schilp represented the sellers in the transaction, while United Real Estate of North Jersey represented the buyer.
Capo will use the property as a sales and inventory center for his business, KPODJ Lighting & DJ Gear, which will relocate from Lake Hopatcong.
The building includes flexible retail and office space on 2.35 acres, as well as two apartments, two parking lots and more.
“The past two years have forced businesses to reassess their short- and long-term plans,” Vindigni said in a prepared statement. “Relocations are becoming increasingly common as companies of all sizes look to adjust and find spaces that better fit their evolving needs. Amidst this ongoing shift, property owners have a unique opportunity to capitalize on the market and secure premium values for their adaptable properties across northern New Jersey.”