Toms River, NJ Industrial Outdoor Storage Sale: Prescott IOS Secures a Toms River Industrial Outdoor Storage Property for F.W. Webb Company

Prescott IOS represented F.W. Webb Company in its purchase of about 10.09 acres of industrial outdoor storage land at 2291 Massachusetts Avenue in Toms River, NJ. The transaction shows how Prescott IOS places companies that buy sites for their own use on scarce industrial outdoor storage land in this market by pairing comparable sales with a clear case for the buyer’s strength.

In this case study, we cover the key details of the site, the challenge the buyer faced, and the role Prescott IOS played in bringing the buyer and seller to a fair price while the buyer completed re-permitting.

Table of Contents

• Major Challenge

• Project Overview

• Understanding the Toms River Industrial Outdoor Storage Market

• Prescott IOS’s Expertise in Industrial Outdoor Storage Transactions

• Benefits of the Toms River Property Purchase

• Securing the Toms River Industrial Outdoor Storage Sale

• Results and Client Satisfaction

Major Challenge

The major challenge emerged when numerous buried vehicles were excavated from the former junkyard. Their discovery raised concerns that the vehicles might contain remains and that the property could be heavily contaminated.

Neither concern was confirmed: no remains were found in the vehicles, and environmental testing found no contamination. These findings resolved the concerns raised by the buried vehicles as the buyer proceeded with re-permitting for its planned use.

Toms River Industrial Outdoor Storage Sale: Project Overview

The transaction highlights the value of a large industrial outdoor storage site in Toms River, where land suited to an operating business is scarce.

• Location: 2291 Massachusetts Avenue, Toms River, NJ 08755

• Deal Type: Industrial outdoor storage (IOS) property sale, buyer representation

• Land Area: About 10.09 acres

• Usable Land Area: Approximately 7

• Sale Price: $7,250,000

• Use: Wholesale distribution, retail, Industrial Outdoor Storage for pipe, LP tanks, and other waterworks related items

• Capacity: approximately 50,000 SF with outdoor storage

• Buyer: F.W. Webb Company

• Seller: CRISON III, LLC

• Buyer Representation: David Skinner, SIOR and Vin Cannistraro, Prescott IOS

• Seller Representation: Tim Cadigan, Avison Young

• Closing: October 2026

Understanding the Toms River Industrial Outdoor Storage Market

The property sits at 2291 Massachusetts Avenue in Toms River, NJ, in a location accessible to F.W. Webb Company’s client base.  

Industrial outdoor storage is scarce in this market, and the sites available to F.W. Webb Company were too small in the right location, well sized but in less convenient locations, or already built and far too large. The buyer needed enough land for wholesale distribution, retail and outdoor storage of pipe, LP tanks and other waterworks items, along with time to complete re-permitting. The seller had been trying to sell for at least two years at an original asking price of $10 million, while nearby land on smaller lots was selling for roughly $500,000 to $700,000 per acre. Prescott IOS used those comparable sales to set a price range the buyer could support and presented it to the seller early.

Prescott IOS’s Expertise in Industrial Outdoor Storage Transactions

Prescott IOS brought direct negotiation, clear communication and pricing knowledge to a site that needed work before it could be used.

Key to the success of this deal was Prescott IOS’s ability to:

• Engage the seller’s broker, Tim Cadigan of Avison Young, directly and present F.W. Webb Company’s financial strength as an end user, which the Prescott IOS broker named as a key to the deal.

• Explain early the work needed to make the site usable and plan around the re-permitting time the seller extended to the buyer.

• Apply knowledge of Toms River land pricing and available sites to confirm that this property fit the buyer’s need for land, location and outdoor storage.

Benefits of the Toms River Property Purchase

The sale gave F.W. Webb Company the land it needed in a location its customers can reach, and gave CRISON III, LLC a completed sale after at least two years on the market.

• Room to Operate: The buyer gained enough land to run its business, including wholesale distribution, retail and outdoor storage of pipe, LP tanks and other waterworks items.

• Location Near Customers: The site at 2291 Massachusetts Avenue in Toms River is accessible to the buyer’s client base.

• Clean, Usable Site: Environmental testing found no contamination on the roughly 10-acre former junkyard, even after cars were excavated from the ground.

• Right-Sized Footprint: The site was marketed as a permitted or approved industrial facility of 100,000+ SF, and the buyer plans a smaller structure with more outdoor storage area to match its needs.

• Scarce Asset Secured: The buyer secured about 10.09 acres of industrial outdoor storage land in a market where available sites were too small, less convenient or far too large.

• Price and Time: The buyer paid $7,250,000 against an original asking price of $10 million and received extra time from the seller to complete re-permitting.

Securing the Toms River Industrial Outdoor Storage Sale

Prescott IOS ran a focused process from first contact to closing.

• Consultation and Needs Analysis: Prescott IOS confirmed that F.W. Webb Company needed enough land to operate its business in a location accessible to its client base, with room for wholesale distribution, retail and outdoor storage of waterworks items.

• Site Sourcing and Owner Access: The property was already on the market, so finding it was not difficult. Prescott IOS weighed it against available sites that were too small, less convenient or far too large, and worked directly with the seller’s broker, Tim Cadigan of Avison Young.

• Site Tour: The site was a roughly 10-acre former junkyard in use for trucking and construction work, with small tenants such as an auto body shop and landscapers.

• Negotiation: Early in the talks, Prescott IOS presented the buyer’s financial strength, the work needed to make the site usable and a price range supported by comparable sales. This built trust, and the negotiation stayed respectful and honest.

• Execution and Closing: Cars were excavated from the ground, environmental testing found no contamination, and the seller extended the time for the buyer to complete re-permitting. The sale closed in October 2026 at $7,250,000.

Results and Client Satisfaction

F.W. Webb Company closed on about 10.09 acres in Toms River for $7,250,000 and plans to build an approximately 50,000 square foot structure on 7 usable acres. CRISON III, LLC completed a sale it had pursued for at least two years, with the buyer’s strength as an end user and good faith on both sides named by the broker as the keys to the deal. The negotiation was part of Prescott IOS’s broader portfolio leasing and sales management for corporate clients. The outcome reinforced Prescott IOS’s reputation as New England’s dedicated industrial outdoor storage brokerage.

Prescott IOS is an award-winning commercial real estate brokerage specializing in selling and leasing industrial properties with a focus on Industrial Outdoor Storage (IOS) in Greater Boston and throughout New England. If you own this type of property and you are interested in a sale or lease evaluation or you are looking for property that is very difficult to find, please reach out to Prescott IOS at help@prescottios.com or call (617) 999-0057.