A 6,000-square-foot industrial property in Hillsborough has been sold for $1.5 million and leased to an event rental company in a quick sequence of transactions. Above All Party Rentals signed a 10-year lease for the full building at 10 Old Camplain Road, where it plans to support equipment storage, logistics and business operations.
Key takeaways
- 10 Old Camplain Road LLC bought the freestanding property for $1.5 million.
- Above All Party Rentals signed a 10-year lease for the entire 6,000-square-foot building.
- The property combines warehouse, office and outdoor storage space, with access to Route 206 and other Somerset County corridors.
- Tim Deluccia of Deluccia Commercial Group represented both the seller and buyer.
Sale followed by a long-term lease
The buyer, 10 Old Camplain Road LLC, purchased the property from Morton Street Realty. The new lease with Above All Party Rentals followed the sale, bringing a tenant into the building soon after the transaction closed, according to Deluccia Commercial Group.
The company is a local event and tent rental business. It will use the building to store equipment and manage logistics and other operations.
Flexible space and convenient access
The freestanding building offers a mix of warehouse and office areas, along with outdoor storage. Its location near Route 206 provides access to key transportation routes in Somerset County, a feature cited by broker Tim Deluccia as part of the property’s appeal to both investors and businesses seeking usable space.
Deluccia represented Morton Street Realty in the sale and 10 Old Camplain Road LLC on the buyer side. He said the building’s adaptability and location made it attractive to investors and users alike.
- Event rental company inks lease at newly sold Hillsborough industrial building, Deluccia says, Real Estate NJ.