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Marcus & Millichap Sells Village Square Plaza Retail Center In Lawrenceville For $11.35M

Property Image
SOLD
$11,350,000
Brent Hyldahl
Alan Cafiero

New Jersey

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Retail53,077 SF
Sold 10/08/2025
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Property Image
SOLD

Marcus & Millichap Sells Village Square Plaza Retail Center In Lawrenceville For $11.35M

510 Lawrence Square Boulevard South

See Similar Deals
Retail53,077 SF
Sold 10/08/2025
Brent Hyldahl
Alan Cafiero
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$213
Total Square Footage:53,077 SF
Transaction Type:Sale

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

Brent Hyldahl
Marcus & Millichap
Brent Hyldahl
57 deals$436.2M volume(201) 742-6116
BROKER
Alan Cafiero
Marcus & Millichap
Alan Cafiero
100 deals$763.8M volume(201) 240-7367
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Alan Cafiero & Brent Hyldahl DATE: 10/08/2025 ADDRESS: 510-590 Lawrence Square Boulevard MARKET: Lawrenceville ASSET TYPE: Retail BROKERS: Alan Cafiero (@Hoxrule3) & Brent Hyldahl - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $11,350,000 SF: 53,077 ~ PPSF: $214 NOTE: Marcus & Millichap brokered the $11.35 million sale of Village Square Plaza, a 53,077-square-foot, two-building retail center at 510–590 Lawrence Square Blvd. in Lawrenceville. The 97% leased property, anchored by First Bank and featuring 15 tenants, was represented by Alan Cafiero and Brent Hyldahl on behalf of the seller.

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Debt Service Coverage Ratio (DSCR)

0.94x

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Cash Flow (Annual)-$40,324.16
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