Marcus & Millichap completes the sale of a $2,300,000 net-leased property
ABERDEEN, NJ — Marcus & Millichap Capital Corp. (MMCC), announced the sale of a 6,000 s/f net-leased property, occupied by Mavis Discount Tire, located in Aberdeen, NJ, for $2,300,000 according to Jim McGuckin, regional manager of the firm's New Jersey office. Jason Petrick, an investment specialist in Marcus & Millichap's New Jersey office, had the listing to market the property on behalf of the seller and represented the 1031 Exchange, out-of-state buyer, both limited liability companies. According to Petrick, the new construction Mavis Discount Tire, situated on a traffic light intersection to a grocery-anchored center, generated numerous offers from national investors. Mavis Discount Tire is located at 1155 State Rte. 34 in Aberdeen. Mavis Discount Tire is minutes away from the Aberdeen-Matawan Train Station which provides daily direct train service to New York City.