Private Investor Acquires Retail Property On Springfield Ave In Irvington For $3.9M

An 8,000-square-foot retail asset net-leased to AutoZone at 1128 Springfield Ave in Irvington has been sold for $3.9 million. The transaction was facilitated by Alan Cafiero, Ben Sgambati, David Cafiero, and Michael DeVita of Marcus & Millichap, representing the seller, a developer, and also assisting the buyer, a private investor.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,900,000.00
• Address: 1128 Springfield Ave, Irvington, NJ
• Market: Irvington
• Seller's Representative: Michael DeVita (Hudson Edge Investment Partners)
• Buyer: Private Investor
• Property Size: 8,000 SF

The identities of the seller, represented by Michael DeVita from Hudson Edge Investment Partners, and the buyer, a private investor who opted for anonymity, remained undisclosed throughout the transaction. The property, located in Irvington, was successfully transferred in a deal orchestrated by Marcus & Millichap, showcasing the involvement of key industry players in the real estate sector.