Marcus & Millichap Brokers Sale Of Retail Properties In Maplewood For $4.26M

The sale involved two adjacent retail properties located at 1802 & 1812 Springfield Avenue in Maplewood, NJ. The total square footage of the properties is 12,415, and the sale price was $4,262,500, resulting in a price per square foot of $343. The properties are leased to reputable tenants Dollar General and Sherwin-Williams.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,262,500
• Square Footage: 12,415
• Price Per Square Foot: $343
• Address: 1802 & 1812 Springfield Avenue
• Market: Maplewood

Alan Cafiero, David Cafiero, and Dean Matuszewicz from Marcus & Millichap represented the seller in this transaction and were instrumental in securing the buyer for the properties on Springfield Avenue.