SOLD
JLL Facilitates $18M Sale Of Retail Center In Woodland Park, NJ
1730 Route 46
Retail
90,945 SF
90,945 SF
Sold 349 days ago
Summary
Sale
NEW JERSEY
Retail
90,945 sqft
A 90,945 square-foot retail center located at 1730 Route 46 in Woodland Park, New Jersey has been sold for $18 million. The property is fully leased and anchored by a supermarket, pharmacy, and bank. The sale was facilitated by JLL, with brokers Jose Cruz, J.B. Bruno, Kevin O'Hearn, and Michael Zlotnick representing the deal. The buyer, an undisclosed private investor, acquired the property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,000,000
- Square Footage: 90,945
- Address: 1730 Route 46
- Market: Woodland Park
JLL played a key role in the sale of this retail center, showcasing their expertise in the Woodland Park market. With a fully leased property and strategic anchor tenants, this investment presents opportunities for the undisclosed private investor to generate a stable income. This transaction highlights the continued growth and demand for retail properties in the Woodland Park area.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Jose Cruz, J.B. Bruno, Kevin O’Hearn & Michael Zlotnick
DATE: 05/17/2023
ADDRESS: 1730 Route 46
MARKET: Woodland Park
ASSET TYPE: Retail
BROKERS: Jose Cruz, J.B. Bruno, Kevin O’Hearn & Michael Zlotnick - JLL
SALE PRICE: $18,000,000
SF: 90,945 ~ PPSF: $198
NOTE: JLL has facilitated the sale of a 90,945 square-foot retail center in Woodland Park, New Jersey for $18 million. Located at 1710 Route 46 West, the property is fully leased and anchored by a supermarket, pharmacy, and bank. The buyer was an undisclosed private investor.View on map
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Address1730 Route 46
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