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Marcus & Millichap completes sale in Bound Brook

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600 W. Union Ave., Bound Brook.
600 W. Union Ave., Bound Brook. - ()

Commercial real estate firm Marcus & Millichap recently announced it completed the sale of an 8,400-square-foot retail property in Bound Brook for $3.15 million.

Ben Sgambati, Alan Cafiero and Brent Hyldahl represented the seller, a private developer, in the sale to a private investor.

“7-Eleven Strip Center is located at 600 W. Union Ave. in Bound Brook,” the firm said in a news release. “Neighboring national tenants include Shoprite, Walgreens, CVS, Washington Valley Bank and Bank of America. The subject property is located at a signalized intersection with traffic counts of 27,000 cars per day.”

The firm secured a full-price offer through a local client in a 1031 exchange, Hyldahl said.

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Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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