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.