SOLD
Winter Organization Acquires ACME Supermarket In Saddle Brook For $16.1M
75 Mayhill Street
Retail
62,504 SF
62,504 SF
Sold 111 days ago
Summary
Sale
NEW JERSEY
Retail
62,504 sqft
The $16.1 million sale of a 62,504 sq ft ACME supermarket in Saddle Brook, New Jersey has been closed by JLL Capital Markets. The property, located at 75 Mayhill Street, sits on a 6.9-acre parcel and is occupied by ACME Markets since 1998. Winter Organization, represented by David Millstone, acquired the property from Samuel J. Morreale, who was represented by Vision Real Estate Partners. The transaction was facilitated by brokers Austin Pierce, J.B. Bruno, Jose Cruz, and Kevin O'Hearn from JLL.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $16,100,000
- Address: 75 Mayhill Street
- Market: Saddle Brook
- Property Size: 6.9 acres
The ACME supermarket has approximately 10 years remaining on the lease and has the potential for redevelopment. It is conveniently located near major transit routes, offering significant opportunities for the new owner, Winter Organization.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: David Millstone, Samuel J. Morreale, Austin Pierce, J.B. Bruno, Jose Cruz & Kevin O’Hearn
DATE: 01/10/2024
ADDRESS: 75 Mayhill Street
MARKET: Saddle Brook
ASSET TYPE: Retail ~ ACRES: 6.9
BUYER: David Millstone (@DavidjMillstone) - Winter Organization
SELLER: Samuel J. Morreale - Vision Real Estate Partners (@Visionrei)
BROKERS: Austin Pierce, J.B. Bruno, Jose Cruz & Kevin O’Hearn - JLL (@JLL)
SALE PRICE: $16,100,000
SF: 62,504 ~ PPSF: $258
NOTE: JLL Capital Markets has closed the $16.1 million sale of a 62,504 sq ft ACME supermarket in Saddle Brook, New Jersey, representing the seller, Vision Real Estate Partners. Winter Organization acquired the property, occupied by ACME Markets since 1998, with approximately 10 years remaining on the lease and potential for redevelopment on the 6.9-acre parcel, conveniently located near major transit routes.View on map
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Address75 Mayhill Street
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