Press Releases
Marcus & Millichap Brokers $3 Million Sale-Leaseback of New Jersey Industrial Property
June 27, 2025
GREEN BOOK TOWNSHIP, N.J., June 27, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale-leaseback of an 11,607-square-foot industrial property in Green Book Township, New Jersey, for $3,050,000. The property is leased to RSW Auto Group.
“This was a stable investment opportunity in a prime location that generated strong interest from the market,” said Mark Gjonbalaj, managing director investments. “The buyer was pleased to secure a long-term asset with a brand-new 10-year lease commencing at closing, while the seller was equally satisfied, leveraging the liquidity from this transaction to support their expansion into new locations.”
Gjonbalaj, Alan Cafiero and Giacomo Fiorenza, investment specialists in Marcus & Millichap’s New Jersey office, exclusively marketed the property on behalf of the seller, RSW Auto Group, and procured the buyer, Green Brook Property LLC. The deal was an all-cash transaction.
The one-story building, located at 228 US-22, sits on a 5.5-acre parcel. Built in 1953, the property has been fully renovated with modern amenities and includes 16-foot ceilings, one drive-in door and 28 parking spaces. The site is surrounded by national retailers including Walgreens, TD Bank, Dunkin’ and Taco Bell, with Interstates 78 and 287 and Route 28 nearby, offering strong regional access. As part of the sale-leaseback agreement, RSW Auto Group will continue to operate at the site under a new 15-year absolute triple-net lease.
“This was a stable investment opportunity in a prime location that generated strong interest from the market,” said Mark Gjonbalaj, managing director investments. “The buyer was pleased to secure a long-term asset with a brand-new 10-year lease commencing at closing, while the seller was equally satisfied, leveraging the liquidity from this transaction to support their expansion into new locations.”
Gjonbalaj, Alan Cafiero and Giacomo Fiorenza, investment specialists in Marcus & Millichap’s New Jersey office, exclusively marketed the property on behalf of the seller, RSW Auto Group, and procured the buyer, Green Brook Property LLC. The deal was an all-cash transaction.
The one-story building, located at 228 US-22, sits on a 5.5-acre parcel. Built in 1953, the property has been fully renovated with modern amenities and includes 16-foot ceilings, one drive-in door and 28 parking spaces. The site is surrounded by national retailers including Walgreens, TD Bank, Dunkin’ and Taco Bell, with Interstates 78 and 287 and Route 28 nearby, offering strong regional access. As part of the sale-leaseback agreement, RSW Auto Group will continue to operate at the site under a new 15-year absolute triple-net lease.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
