Hamilton, NJ, March 31, 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 Boston Market, a 2,877-square-foot Net-Leased property located at 770 NJ-33, Hamilton, NJ, according to Sean Beuche, regional manager of the firm’s Philadelphia office. The asset sold for $1,275,000.
Derrick Dougherty and Mark Krantz, investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a private New Jersey investor. “This sale truly showed an amazing example of the partnership between both the buyer and seller working together with open lines of communication throughout the entire sale process,” said Mark Krantz.
“Boston Market Hamilton, NJ presents an incredible opportunity to the purchaser because they have the ability to collect cash flow today, coupled with a future chance to reposition the property down the road," said Mark Krantz. The subject property sits on 2.9 acres along Route 33 in Hamilton, NJ where over 20K vehicles pass by per day in dense infill trade area in Mercer County.
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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