Wharton Industrial has sold a 70,500-square-foot specialty industrial building in Queens, N.Y., to EverWest Real Estate Investors for $57.25 million.
Located at 55-30 46th Street in the borough’s Maspeth neighborhood, the 2.9-acre site is situated off of I-278 and I-495, offering convenient access to Manhattan, Brooklyn, Queens and Long Island. In addition to the existing warehouse building, which is currently occupied by multiple tenants, the property also features ample parking that can be utilized by delivery trucks and other vehicles.
Located within the urban core of the country’s most populous city, with easy access to Manhattan and both of New York City’s two major airports, the area represents one of the most highly sought-after locations for industrial users.
“Since shifting our focus to the industrial sector in 2017, Wharton Industrial has been focused on identifying and acquiring prime urban infill location that stand to benefit from the explos
