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

859 NJ-17
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This Retail property located in NJ was sold for $23,950,000 almost 2 years ago.

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.

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  • Location
    859 New Jersey Highway 17, Paramus, New Jersey 07652, United States859 New Jersey Highway 17, Paramus, New Jersey 07652, United States
  • Sale Price
    $23,950,000$23,950,000
    $34 PPSF$34 PPSF
  • Area
    700,000 SF700,000 SF
  • Asset Type
    RetailRetail

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Deal Summary

SALE IMAGE: Joshua Agus & Chanie Milworn DATE: 05/12/2022 ADDRESS: 859 NJ-17 MARKET: Paramus, NJ ASSET TYPE: Retail BUYER: Agus Holdings (@AgusHoldings) SALE PRICE: $23,950,000 SF: 700,000 ~ PPSF: $34 NOTE FROM @AgusHoldings: The property which is 16 acres and over 145,000 existing SF, sits on the intersection of Route 17 and Linwood Avenue in Paramus, with hundreds of linear feet on Route 17 with incredible access and over 115,000 cars passing by each day. The property is located right by the entrance to another incredible Bergen County community, Ridgewood NJ. Agus Holdings is actively seeking value add retail acquisition opportunities in the NY NJ market, feel free to contact the acquisition department at 212-683-2674.

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