Marcus & Millichap Sells Matawan Mall Retail Center For $3.05M With 11 Tenants

The retail asset sold is a 20,665-square-foot property located at 952 New Jersey Highway 34 in Matawan. The transaction was finalized at a price of $3,050,000, translating to a price per square foot of $148. The property is anchored by Dunkin' and accommodates a total of 11 tenants, benefiting from strong local demographics and significant growth potential.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,050,000
• Address: 952 New Jersey Highway 34
• Market: Matawan
• Square Footage: 20,665
• Price per Square Foot: $148
• Seller: Brupat Holdings, LLC
• Agents Involved: Alan Cafiero, Brent Hyldahl & Seth Goldberg - Marcus & Millichap

The transaction involved the brokers from Marcus & Millichap who facilitated the sale, representing the interests of the seller, Brupat Holdings, LLC. The deal attracted over 15 active bidders, highlighting the competitive nature of the transaction in the retail market.