Local Private Investor Acquires Mixed-Use Building In Saddle Brook For $3.1 Million

A 13,612-square-foot mixed-use property located at 350 Market Street in Saddle Brook was sold for $3,126,000. The asset consists of seven ground-floor retail units and seven office units, and its valuation is attributed to its strategic location near major highways and national retailers.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,126,000
• Sale Date: 07/24/2024
• Address: 350 Market Street
• Market: Saddle Brook
• Square Footage: 13,612
• Price Per Square Foot: $230
• Seller: Commerce Park Investors LLC
• Broker Representatives: Alan Cafiero, David Cafiero & John Moroz - Marcus & Millichap

A local private investor acquired the property, adding a mixed-use asset to their portfolio. The deal was facilitated by the brokerage team from Marcus & Millichap, consisting of Alan Cafiero, David Cafiero, and John Moroz, who represented the seller in this transaction.