Luko Management Acquires Retail Property In Belleville, NJ For $9.05M

Located at 175 Washington Ave in Belleville, NJ, this retail property was recently sold in a closed transaction. The property encompasses 14,500 square feet and was sold for a total price of $9,050,000, resulting in a price per square foot of $624. The sale took place on August 17, 2021. The asset was acquired by Luko Management from the seller, Win Belleville, LLC. The transaction was facilitated by several brokers, including Niko Micin, CCIM from Zebra Capital, Mike Milano and Jereme Snyder from Colliers, and Bosko Stankovic from Zebra Capital LLC.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,050,000
• Address: 175 Washington Ave, Belleville, NJ
• Market: Belleville, NJ

The retail property at 175 Washington Ave in Belleville, NJ was successfully sold to Luko Management for a total price of $9,050,000. The transaction involved multiple brokers, including Niko Micin from Zebra Capital, and Mike Milano along with Jereme Snyder from Colliers. Bosko Stankovic, representing Zebra Capital LLC, was also involved in the deal. The property spans 14,500 square feet and the price per square foot came out to be $624.