Marcus & Millichap Closes $4.28 Million Sale of Retail Asset in Bergen County

WYCKOFF, N.J., Dec. 30, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 10,192-square-foot retail center in Wyckoff, New Jersey, for $4,275,000.

"Bergen County strip centers usually don't hit the market often, but when they do, there's usually a tremendous amount of interest," said Alan Cafiero, senior managing director investments. "It came as no surprise that's what happened here with this strip in Wyckoff."

Alan Cafiero, David Cafiero and John Moroz, investment specialists in Marcus & Millichap's New Jersey office, exclusively marketed the property on behalf of the seller and procured the buyer.

The retail center, built in 1990 and renovated in 2020, is located at 403-411 Goffle Road at the signalized intersection of Goffle Road and Wyckoff Avenue. Anchored by JAG-ONE Physical Therapy, the property includes several local service-oriented tenants. The area sees traffic counts exceeding 26,000 vehicles per day and is close to national retailers such as ACME, CVS, Starbucks and Dunkin'.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.