SOLD
Marcus & Millichap Sells Union Avenue Plaza Retail Center In Somerville, NJ For $3.5M
21-29 Union Avenue
Retail
20,866 SF
20,866 SF
Sold 159 days ago
Summary
Sale
NEW JERSEY
Retail
20,866 sqft
Union Avenue Plaza, a 20,866-square-foot retail center in Somerville, New Jersey, has been sold for $3,525,000. The property, anchored by the New Jersey Department of Motor Vehicles, was listed on the Ten-X auction platform, which facilitated competitive bidding and ensured a swift transaction.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,525,000
- Address: 21-29 Union Avenue, Somerville, New Jersey
- Market: Somerville
- Square Footage: 20,866
- Price Per Square Foot: $169
Marcus & Millichap represented the seller, SNS Real Estate Investment Group, LLC, in the sale of Union Avenue Plaza. The transaction was facilitated by Brent Hyldahl and Alan Cafiero, brokers from Marcus & Millichap. The utilization of the Ten-X auction process allowed for competitive bidding and a swift conclusion to the deal.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Brent Hyldahl & Alan Cafiero
DATE: 11/28/2023
ADDRESS: 21-29 Union Avenue
MARKET: Somerville
ASSET TYPE: Retail
SELLER: SNS Real Estate Investment Group, LLC
BROKERS: Brent Hyldahl & Alan Cafiero (@Hoxrule3) - Marcus & Millichap (@MarcusMillichapinc)
SALE PRICE: $3,525,000
SF: 20,866 ~ PPSF: $169
NOTE: Marcus & Millichap has sold Union Avenue Plaza in Somerville, New Jersey, for $3,525,000. The 20,866-square-foot retail center, anchored by the New Jersey Department of Motor Vehicles, utilized the Ten-X auction process, fostering competitive bidding and ensuring a swift transaction.View on map
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Address21-29 Union Avenue
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