Private Investor Acquires Tinga Restaurant Property In Montclair New Jersey For $1.821M

The property asset involved in this transaction is a net-leased Tinga restaurant located at 215-17 Bellevue Avenue in Montclair, NJ. The single-story retail property was sold for $1.821 million. It is situated near NJ Transit’s Upper Montclair station, making it a strategically located asset within the retail market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,821,000
• Address: 215-17 Bellevue Avenue
• Market: Montclair, NJ
• Broker: Forged Real Estate

A private investor acquired the property, with Forged Real Estate representing the undisclosed seller in this transaction. The involvement of a notable brokerage indicates the strategic nature of the deal within the current market.