Marcus & Millichap Sells Somerset Office Property For $7.5M

The sale of an office property in Somerset has been completed at 80 Cottontail Lane. The property, with a total area of 88,312 square feet, was sold for $7,500,000, resulting in a price per square foot of $85.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $7,500,000
• Address: 80 Cottontail Lane
• Market: Somerset

The sale was facilitated by Chez Eider, Alan Cafiero, Brent Hyldahl, and Ben Sgambati from Marcus & Millichap, as well as Joseph Belgiovine from Marcus and Millichap Capital Corp.