Press Releases
Marcus & Millichap Arranges $7.35 Million Sale of Bergen County Retail Center
November 21, 2025
RUTHERFORD, N.J., Nov. 21, 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 Union Avenue Retail Center, a 21,897-square-foot center in Rutherford, New Jersey for $7.35 million.
“Stabilized retail centers in Bergen County consistently achieve significant investor demand,” said Alan Cafiero, senior managing director investment in Marcus & Millichap’s New Jersey office. “Our team had nearly 10 offers on this property and ultimately closed with a local, cash buyer.”
Alan Cafiero, David Cafiero and John Moroz represented the seller and procured the buyer.
Located at 308–314 Union Ave., the single-story, seven-unit property was built in 1925 and renovated in 2019 on a 1.9-acre parcel. The center is anchored by Dunkin’ and Kiddie Academy, with other tenants including Three Star News Stand, Next Big Coder, Master Park’s and Laundry Guy’s. The site features a 111-space parking lot, sits less than one mile from the NJ Transit Rutherford Station and is near Route 17, Route 3 and Route 21.
“Stabilized retail centers in Bergen County consistently achieve significant investor demand,” said Alan Cafiero, senior managing director investment in Marcus & Millichap’s New Jersey office. “Our team had nearly 10 offers on this property and ultimately closed with a local, cash buyer.”
Alan Cafiero, David Cafiero and John Moroz represented the seller and procured the buyer.
Located at 308–314 Union Ave., the single-story, seven-unit property was built in 1925 and renovated in 2019 on a 1.9-acre parcel. The center is anchored by Dunkin’ and Kiddie Academy, with other tenants including Three Star News Stand, Next Big Coder, Master Park’s and Laundry Guy’s. The site features a 111-space parking lot, sits less than one mile from the NJ Transit Rutherford Station and is near Route 17, Route 3 and Route 21.
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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.
