Marcus & Millichap Brokers New Jersey Office Over Retail Property for $3.13 Million

SADDLE BROOK, N.J., July 23, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 14-unit mixed-use property in Saddle Brook, New Jersey, for $3,126,250.

"Mixed-use assets are an excellent diversification for today's investor," said Alan Cafiero, senior managing director investments. "350 Market is a newly renovated property located along a highly trafficked commercial corridor in Bergen County, which is appealing to many private investors."

Alan Cafiero, David Cafiero and John Moroz, investment specialists in Marcus & Millichap's New Jersey office, had the exclusive listing to market the property on behalf of the seller, Commerce Park Investors, LLC, and procured the buyer, a local private investor.

Located at 350 Market St., the two-floor, 13,612-square-foot mixed-use property comprises a mix of seven retail units on the first floor and seven office units on the second floor. The property is situated near Route 46, Interstate 80, the Garden State Parkway, and Route 17. Nearby national retailers include Starbucks, ACME, and Wells Fargo.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.