Edgewood Industrial Property sells for $4.95M

An industrial property in Edgewood has sold for $4.95 million.

FIVF-III-NY1 LLC, a Manhattan-based real estate investment fund, purchased the 24,000-square-foot industrial building on 2 acres at 180 Heartland Blvd.

The property is fully leased to Biochemical Diagnostics. The company manufactures and markets controls and disposable sample preparation products used in drugs of abuse testing.

The building, which has about 10 percent office space, has 16-foot ceilings, two loading docks and two drive-in bays.

Philip Shwom of Schacker Realty represented the buyer, as well as the seller, BCDI Realty Company, in the sales transaction.