MARCUS & MILLICHAP ARRANGES THE SALE OF A 6,400 SF STABILIZED RETAIL CENTER

Sicklerville, NJ – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales has announced the sale of Rt. 42 Strip Center, a 6,400 SF multi-tenant retail asset located in Sicklerville, NJ. According to Sean Beuche, regional manager of the firm’s Philadelphia office, the asset sold for $960,000. Derrick Dougherty, Steve Garthwaite, and Mark Krantz, investment specialists in Marcus & Millichap’s Philadelphia office, exclusively represented the seller.

Rt. 42 Strip Center is located at 2720 Route 42 Sicklerville, NJ 08081. The Subject Property benefits from its location directly across the street from a 264,805 square foot community center featuring national, credit tenants including: The Home Depot, Edge Fitness, Petco, Old Navy, & others. Within a 5-mile radius the Average Household Income is $102K & has a Population of approximately 139K Residents.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.