Press Releases
Marcus & Millichap Arranges $7.35 Million Sale of Apple Montessori School in Township of Washington
November 19, 2025
TOWNSHIP OF WASHINGTON, N.J., Nov. 19, 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 of Apple Montessori School, a single-tenant early education property in Township of Washington, New Jersey. The asset sold for $7,350,000.
“Net lease in northern New Jersey is always in high demand, specifically Bergen County,” said Alan Cafiero, senior managing director in Marcus & Millichap’s New Jersey office. “This property was newly built with a 15-year triple net lease, which, along with the location, attracted the buyer to the asset.”
Alan Cafiero, David Cafiero and John Moroz represented the seller, and procured the buyer.
The newly constructed, 10,000-square-foot Apple Montessori School at 95 Linwood Ave. features an in-ground outdoor swimming pool, approximately 5,000 square feet of dedicated playground space, and a covered drop-off area, situated on a 1.5-acre parcel with 33 parking spaces. The property is positioned along Linwood Avenue adjacent to the Garden State Parkway, less than one mile from Route 17. Within a five-mile radius of the property, the population exceeds 295,000 residents, and the average household income within one mile is over $187,000, underscoring the strength of the trade area.
“Net lease in northern New Jersey is always in high demand, specifically Bergen County,” said Alan Cafiero, senior managing director in Marcus & Millichap’s New Jersey office. “This property was newly built with a 15-year triple net lease, which, along with the location, attracted the buyer to the asset.”
Alan Cafiero, David Cafiero and John Moroz represented the seller, and procured the buyer.
The newly constructed, 10,000-square-foot Apple Montessori School at 95 Linwood Ave. features an in-ground outdoor swimming pool, approximately 5,000 square feet of dedicated playground space, and a covered drop-off area, situated on a 1.5-acre parcel with 33 parking spaces. The property is positioned along Linwood Avenue adjacent to the Garden State Parkway, less than one mile from Route 17. Within a five-mile radius of the property, the population exceeds 295,000 residents, and the average household income within one mile is over $187,000, underscoring the strength of the trade area.
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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.
