Press Releases
Marcus & Millichap Brokers $2.25M Sale of Retail Property in New Jersey's Ocean County
August 17, 2026
STAFFORD TOWNSHIP, N.J., Aug. 17, 2026 – 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 Young Plaza, a retail center in Stafford Township, New Jersey. The asset sold for $2.25 million.
“Young Plaza is a well-located, fully occupied retail center with a strong mix of local tenants and excellent visibility in one of Ocean County’s most active coastal markets,” said Seth Goldberg, associate director investments in Marcus & Millichap’s New Jersey office. “We were pleased to successfully complete an all-cash transaction with a 1031 exchange buyer and deliver a strong result for both clients."
Goldberg, Alan Cafiero and Brent Hyldahl of Marcus & Millichap exclusively marketed the property on behalf of the seller, a private investor from Delaware, and procured the buyer, a private investor from New Jersey.
Located at 420 N. Main St., the seven-suite property spans 8,136 square feet on a 1.77-acre lot with on-site parking. Young Plaza was built in 2012 and is fully occupied. The rent roll includes Yellow Dog Coffee Roasters, Black Sheep Studios, Luxury Looks Beauty & Esthetics, a massage parlor and Isla's Mexican Restaurant.
The property is across the street from a Wawa, close to Southern Regional Middle School, U.S. Route 9, State Route 72 and the Garden State Parkway. Stafford Township is the gateway to Long Beach Island, with Route 72 providing the only road access across Manahawkin Bay.
“Young Plaza is a well-located, fully occupied retail center with a strong mix of local tenants and excellent visibility in one of Ocean County’s most active coastal markets,” said Seth Goldberg, associate director investments in Marcus & Millichap’s New Jersey office. “We were pleased to successfully complete an all-cash transaction with a 1031 exchange buyer and deliver a strong result for both clients."
Goldberg, Alan Cafiero and Brent Hyldahl of Marcus & Millichap exclusively marketed the property on behalf of the seller, a private investor from Delaware, and procured the buyer, a private investor from New Jersey.
Located at 420 N. Main St., the seven-suite property spans 8,136 square feet on a 1.77-acre lot with on-site parking. Young Plaza was built in 2012 and is fully occupied. The rent roll includes Yellow Dog Coffee Roasters, Black Sheep Studios, Luxury Looks Beauty & Esthetics, a massage parlor and Isla's Mexican Restaurant.
The property is across the street from a Wawa, close to Southern Regional Middle School, U.S. Route 9, State Route 72 and the Garden State Parkway. Stafford Township is the gateway to Long Beach Island, with Route 72 providing the only road access across Manahawkin Bay.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
