SOLD
Paramount Realty Acquires Bey Lea Plaza In Toms River For $8.75M From Marx Realty
1030 Hooper Avenue
Retail
79,362 SF
79,362 SF
Sold 263 days ago
Summary
Sale
NEW JERSEY
Retail
79,362 sqft
Paramount Realty, represented by Maurice Zekaria, has acquired the Bey Lea Plaza in Toms River, New Jersey, from Marx Realty for $8.75 million. The retail property spans 79,362 square feet and is situated at 1030 Hooper Avenue in the Toms River market. With a price per square foot of $110, this shopping center features prominent tenants such as PetSmart and Wells Fargo.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $8,750,000
- Square Footage: 79,362
- Address: 1030 Hooper Avenue
- Market: Toms River
The deal was facilitated by Steven Winters and Mike Horne of RIPCO, who served as the brokers for Paramount Realty. This acquisition will lead to a collaborative effort between Paramount Realty and local authorities to redevelop the Bey Lea Plaza, aiming to enhance its appeal and drive further growth in the area.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Steven Winters, Mike Horne & Maurice Zekaria
DATE: 08/15/2023
ADDRESS: 1030 Hooper Avenue
MARKET: Toms River
ASSET TYPE: Retail
BUYER: Maurice Zekaria (@Zeke1000) - Paramount Realty
SELLER: Marx Realty (@MarxRealty)
BROKERS: Steven Winters & Mike Horne - RIPCO (@RipcoRealEstate)
SALE PRICE: $8,750,000
SF: 79,362 ~ PPSF: $110
NOTE: Paramount Realty has bought the Bey Lea Plaza in Toms River, New Jersey, for $8.75 million from Marx Realty. The 79,362-square-foot shopping center, featuring tenants like PetSmart and Wells Fargo, is set for redevelopment in collaboration with local authorities.View on map
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Address1030 Hooper Avenue
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