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Marcus & Millichap Arranges The Sale Of A 40,050-Square Foot Retail Property in Toms River, NJ

November 22, 2022

Toms River, NJ, November 21, 2022 -- 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 West Hills Plaza, a 40,050-square foot retail property located in Toms River, NJ, according to James McGuckin, regional manager of the firm's New Jersey office. The asset sold for $9,250,000.

Alan Cafiero, Brent Hyldahl and Seth Goldberg, investment specialists in Marcus & Millichap's New Jersey office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The Cafiero Team also secured the buyer, a limited liability company.

Goldberg comments, "There was a great amount of interest in this site from the investment community due to its prime location and high traffic counts. The Investors Bank branch, now Citizens Bank, has over $300 million in deposits. Navigating through the volatile financing environment was challenging but buyer and seller worked together to ultimately close the deal."

West Hills Plaza is located at 864 NJ-37 in Toms River, NJ.

 

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About Marcus & Millichap (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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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