MONTCLAIR, NJ — Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 70 Park Montclair, a 12,000 s/f office property located in Montclair, according to Brian Hosey, regional manager of the firm's New Jersey office. The asset sold for $2.5 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 limited liability company. The buyer, a partnership, was also secured and represented by the team.
70 Park Montclair located at 70 Park St. in Montclair, NJ is 83% occupied consisting mostly of medical professionals.