New Jersey Private Investor Acquires Young Plaza Retail Center In Stafford Township For $2.25M

A New Jersey private investor acquired Young Plaza, an 8,136-square-foot retail center located at 420 North Main Street in Stafford Township, NJ, for $2.25 million. The property was purchased in an all-cash 1031 exchange transaction. Built in 2012 and situated on 1.77 acres, the fully occupied retail center comprises seven suites and is anchored by local tenants such as Yellow Dog Coffee Roasters and Isla’s Mexican Restaurant.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,250,000
• Square Footage: 8,136
• Price Per Square Foot: $277
• Address: 420 North Main Street
• Market: Stafford Township, NJ
• Acres: 1.77
• Brokers: Seth Goldberg, Alan Cafiero & Brent Hyldahl - Marcus & Millichap

The transaction involved the representation of the buyer by the brokerage team of Seth Goldberg, Alan Cafiero, and Brent Hyldahl from Marcus & Millichap, who facilitated the deal for the investor acquiring the property.