Electrical supply business buys Princeton commercial buildings for $1.9 million

An electrical supply company has acquired two adjacent commercial buildings in Princeton for a combined $1.9 million to support its wholesale and retail operations. The transaction, orchestrated by The Boniakowski Commercial Real Estate Group, includes over 10,000 square feet of industrial and storefront space across 1.35 acres. This deal reflects the continued interest in owner-user commercial assets within the New Jersey market, particularly for businesses requiring both retail and warehouse capabilities.

The Boniakowski Commercial Real Estate Group (BCREG) recently announced the $1.9 million sale of two adjacent properties at 831 and 841 State Road in Princeton. The buyer, an electrical supply business operating as 831-841 LLC, acquired the sites from two separate sellers to facilitate an expansion of its wholesale and retail footprint. BCREG Senior Vice President Todd Gannet represented both sides of the transaction, which encompasses a total of 1.35 acres of property.

The acquisition includes a diverse mix of commercial space tailored for the buyer's dual-purpose business model. The property at 831 State Road features a 6,400-square-foot storefront along with 4,000 square feet of warehouse space, while the neighboring 841 State Road provides an additional 3,600 square feet of industrial space. Together, these buildings offer the buyer a total of 14,000 square feet of functional area to house its inventory and customer-facing operations.

This transaction highlights the demand for well-located industrial and retail flex space in the Princeton submarket. By securing adjacent parcels, the buyer is able to consolidate its operations and establish a significant presence on State Road. The deal also demonstrates the role of specialized brokerages in navigating complex multi-seller transactions to meet the specific spatial requirements of local commercial enterprises.