HASBROUCK HEIGHTS-- Marcus & Millichap Real Estate Investment Services has announced the sale of two downtown mixed-use buildings totaling 6,000 sf.
The buildings are located on the Boulevard in Hasbrouck Heights, NJ, according to Michael J. Fasano, Vice President/Regional Manager of the firm’s New Jersey office. The two buildings consisted of six apartments, four offices and four retail spaces. One of the buildings was 100 percent occupied while the other was 25 percent occupied.
David E. Thurston, Director, NOIPG and Net Lease Group and Investment Specialist Brian Schifilliti in Marcus & Millichap’s New Jersey office, sold the Properties on behalf of the seller, a local private investor who was a third Generation Owner. The two building portfolio had been in the seller’s family for over 90 years. The buyer, a national investor, was secured by David E. Thurston who had previously represented the buyer in several transactions on both the sell and buy side.
The Seller was represented by Ralph Chandless, Esq from Hasbrouck Heights and the Buyer was represented by Paul Zelenty, Esq of Graham Curtain from Morristown.
Marcus & Millichap
www.marcusmillichap.com
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