Agus Holdings Acquires Retail Property In Paramus, NJ For $23.95M

Agus Holdings has acquired a retail property located at 859 NJ-17 in Paramus, NJ. The transaction took place on 05/12/2022 at a sale price of $23,950,000. The property spans approximately 700,000 square feet, resulting in a price per square foot of $34. The property is situated on 16 acres, with over 145,000 existing square feet. It is strategically located at the intersection of Route 17 and Linwood Avenue, offering excellent accessibility and exposure to over 115,000 cars passing by each day. Additionally, the property is conveniently located near the entrance to Ridgewood NJ, another prominent Bergen County community.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $23,950,000
• Address: 859 NJ-17, Paramus, NJ
• Market: Paramus, NJ
• Square Footage: 700,000
• Price per Square Foot: $34

Agus Holdings, led by Joshua Agus and Chanie Milworn, successfully completed the acquisition. They are actively seeking value-add retail acquisition opportunities in the NY NJ market. For inquiries, interested parties can contact Agus Holdings' acquisition department at 212-683-2674.