Local Investor Acquires Fully Leased Retail Center In Totowa For $2.235M Represented By Marcus & Millichap

A local investor acquired a fully leased retail property consisting of a 4,950-square-foot strip center located at 345 Union Boulevard in Totowa, New Jersey. The transaction was finalized at a sale price of $2,235,000, translating to a price per square foot of $444. The property sits on a 0.23-acre site.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $2,235,000
• Address: 345 Union Boulevard
• Market: Totowa
• Square Footage: 4,950
• Price Per Square Foot: $444
• Acres: 0.23

Marcus & Millichap's Alan Cafiero, David Cafiero, and John Moroz represented both the seller and the buyer in this transaction, showcasing their role in facilitating the deal.