Marcus & Millichap Sells Village Square Plaza Retail Center In Lawrenceville For $11.35M
510 Lawrence Square Boulevard South
$11,350,000
$213/SF
Building Size
53,077 SF
Asset Type
Retail
Closing
Oct 8, 2025
AI
Village Square Plaza is a retail asset located at 510–590 Lawrence Square Boulevard in the market of Lawrenceville. The property encompasses a total area of 53,077 square feet and was sold for $11,350,000, resulting in a price per square foot of approximately $214. The center is currently 97% leased and is anchored by First Bank, featuring 15 tenants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,350,000
- Square Footage: 53,077
- Sale Price per Square Foot: $214
- Address: 510-590 Lawrence Square Boulevard
- Market: Lawrenceville
- Brokers: Alan Cafiero & Brent Hyldahl - Marcus & Millichap
Alan Cafiero and Brent Hyldahl represented the seller in this transaction, successfully brokering the sale through Marcus & Millichap. Their expertise facilitated the achievement of a favorable deal for the seller in the retail real estate market.
Players
Lawrence Township 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93