Haverstraw, NY, August 10th, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of 7-Eleven, a 3,034 square-foot Net-Leased property located at Gurnee Avenue and Route 9 West, Haverstraw, New York, according to Sean Beuche, regional manager of the firm’s Philadelphia office. The asset sold for $5,000,000.
Mark Krantz and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, had the opportunity to represent the buyer in a 1031 exchange. “It was a pleasure working with everyone involved in the deal. Throughout the entire duration of the transaction, both the buyer and the seller partnered up to get this deal through the finish line,” said Mark Krantz.
The property is brand new construction along a major U.S. highway with over 17K vehicles per day. “The property is extremely well positioned within the submarket and the township is thrilled to have them open their doors to the community,” said Mark Krantz. The submarket included a population of over 55,000 people with an average household income of $142K within 3-miles of the site.
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting, and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
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