Press Releases
Marcus & Millichap Brokers Sale of Two Mavis Discount Tires in Northern New Jersey
September 24, 2026
NEWTON, N.J., – Sept. 24, 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 134 Water St. and 74 Westfield Ave. W, two Mavis Discount Tire properties in Newton and Roselle Park, New Jersey. The assets sold for $3.57 and $3.55 million, respectively.
“These transactions demonstrate the continued demand for well-located net-leased automotive properties throughout New Jersey,” said Alan Cafiero, senior managing director investments in Marcus & Millichap’s New Jersey office. “Mavis is a proven operator and both properties offered buyers strong real estate fundamentals, established locations and the long-term stability investors are seeking in today’s market.”
Cafiero, David Cafiero and John Moroz of Marcus & Millichap exclusively marketed the property at 134 Water St. on behalf of the seller and, in association with Devin Perez, procured the buyer.
Cafiero, Cafiero and Damien Rance of Marcus & Millichap exclusively marketed the property at 74 Westfield Ave. W on behalf of the seller and procured the buyer.
The property located at 134 Water St. is an 11,412-square-foot building on a 1.43-acre lot with onsite parking. It was built in 1965 and has been occupied by Mavis Discount Tire for over 30 years. The property is in Newton, approximately 70 miles from New York City, near Sussex County Mall, Hampton Plaza and Sussex County Community College.
74 Westfield Ave. W is a 10,000-square-foot property on a 0.82-acre lot. The building was built in 1950 and has onsite parking. The property is positioned in Roselle Park's primary retail corridor surrounded by retailers, restaurants and professional offices close to the Garden State Parkway, Interstate 278, and Route 22. Roselle Park is approximately 18 miles southwest of Manhattan with direct NJ Transit rail service via the Roselle Park Station.
“These transactions demonstrate the continued demand for well-located net-leased automotive properties throughout New Jersey,” said Alan Cafiero, senior managing director investments in Marcus & Millichap’s New Jersey office. “Mavis is a proven operator and both properties offered buyers strong real estate fundamentals, established locations and the long-term stability investors are seeking in today’s market.”
Cafiero, David Cafiero and John Moroz of Marcus & Millichap exclusively marketed the property at 134 Water St. on behalf of the seller and, in association with Devin Perez, procured the buyer.
Cafiero, Cafiero and Damien Rance of Marcus & Millichap exclusively marketed the property at 74 Westfield Ave. W on behalf of the seller and procured the buyer.
The property located at 134 Water St. is an 11,412-square-foot building on a 1.43-acre lot with onsite parking. It was built in 1965 and has been occupied by Mavis Discount Tire for over 30 years. The property is in Newton, approximately 70 miles from New York City, near Sussex County Mall, Hampton Plaza and Sussex County Community College.
74 Westfield Ave. W is a 10,000-square-foot property on a 0.82-acre lot. The building was built in 1950 and has onsite parking. The property is positioned in Roselle Park's primary retail corridor surrounded by retailers, restaurants and professional offices close to the Garden State Parkway, Interstate 278, and Route 22. Roselle Park is approximately 18 miles southwest of Manhattan with direct NJ Transit rail service via the Roselle Park Station.
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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.
