Marcus & Millichap Sells Fully Leased Mixed-Use Property At 1 Elm Street For $5M

A mixed-use property located at 1 Elm Street in Westfield, NJ was sold for $5,000,000. The property spans a total of 10,369 square feet, resulting in a price per square foot of $482. The asset is fully leased and includes notable tenants such as Keller Williams, McLaughlin & Stern, and Arnhem Inc.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,000,000
• Address: 1 Elm Street
• Market: Westfield
• Square Footage: 10,369
• Price Per Square Foot: $482
• Brokers: Alan Cafiero & David Cafiero
• Agency: Marcus & Millichap

Alan and David Cafiero represented the seller in the transaction, facilitating the sale through their brokerage, Marcus & Millichap. The deal highlights the involvement of experienced brokers in the successful exchange of the property.