Press Releases
Marcus & Millichap Brokers $6.4 Million Sale of Anchored Retail Strip in North Bergen
December 02, 2024
NORTH BERGEN, N.J., Dec. 2, 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 Aaron’s Strip Center, an 18,130-square-foot retail strip in North Bergen, New Jersey, for $6,415,000.
“This asset drew extraordinary interest from the investor community due to its high-quality tenants and premier location,” said Alan Cafiero, senior managing director investments. “The property is just one mile from the Lincoln Tunnel to New York City and features incredible population density, with more than 100,000 people living within one mile.”
Alan Cafiero, Brent Hyldahl and Devin Perez, investment specialists in Marcus & Millichap’s New Jersey office, exclusively marketed the property on behalf of the seller and procured the buyer, a local private investor.
The fully occupied property at 2229 John F. Kennedy Blvd. houses six tenants, including anchor tenant Aaron’s and several local businesses. Nearby national retailers include ShopRite, Starbucks, Aldi, and Dunkin’.
“This asset drew extraordinary interest from the investor community due to its high-quality tenants and premier location,” said Alan Cafiero, senior managing director investments. “The property is just one mile from the Lincoln Tunnel to New York City and features incredible population density, with more than 100,000 people living within one mile.”
Alan Cafiero, Brent Hyldahl and Devin Perez, investment specialists in Marcus & Millichap’s New Jersey office, exclusively marketed the property on behalf of the seller and procured the buyer, a local private investor.
The fully occupied property at 2229 John F. Kennedy Blvd. houses six tenants, including anchor tenant Aaron’s and several local businesses. Nearby national retailers include ShopRite, Starbucks, Aldi, and Dunkin’.
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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.
