Oh! Nuts Candy Company has acquired 120-65 168th St. in Jamaica, NY from Baisley Properties, Inc. for $2.9 million, or approximately $85 per square foot.
The two-story, 34,000-square-foot industrial property is located in the South Queens Industrial submarket. Oh! Nuts Candy Company currently has four locations in the New York area and will be utilizing the property as a distribution hub. The United States Post Office currently leases a small portion of the property.
Joel Kohn and Robert Klein of Kalmon Dolgin Affiliates, Inc. represented both parties in the sale.
Please refer to CoStar COMPS #2218284 for more information on this transaction.