Updated Feb 6, 2026
Local Investor Acquires Fully Leased Retail Center In Totowa For $2.235M Represented By Marcus & Millichap
345 Union Boulevard
$2,235,000
$451/SF
Building Size
4,950 SF
Asset Type
Retail
Closing
Oct 27, 2025
About this deal
AI
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.
On the Map
$2,235,000
$451/SF
Retail
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Players
Totowa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.10%
Cash-on-Cash
-2.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93