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Marcus & Millichap NJ office completes retail property sales totaling $6,413,900 million



RIVERVALE, NJ — Marcus & Millichap New Jersey office completed the following transactions: A 14,900 s/f retail property, occupied by The Rudd O'Connor Building, located in Rivervale sold for $4,838,900. Alan Cafiero, Ben Sgambati, David Cafiero and John Moroz, investment specialists in Marcus & Millichap's New Jersey office had the listing to market the property on behalf of the seller, a private investor. The team also secured and represented the buyer, a limited liability company. The Rudd O'Connor Building is located at 184 Rivervale Rd. The shopping strip is 100 percent occupied and has an excellent tenant mix. A 6,960 s/f foot net-leased property, occupied by Dollar General, located in East Orange sold for $1.575 million. Alan Cafiero, Ben Sgambati, David Cafiero and Michael DeVita, investment specialists in Marcus & Millichap's New Jersey office, had the listing to market the property on behalf of the seller, a private investor.

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