West Orange office building fetches $8.8M

Marcus & Millichap confirmed the $8.8 million sale of 414 Eagle Rock Ave., West Orange, according to Brian C. Hosey, regional manager of the firm’s New Jersey office.

“Skyline Plaza provided an opportunity for quality office space in a high-demand market in northern New Jersey,” Marcus & Millichap’s Fahri Ozturk said of the 60,000-square foot office building. “We were able to efficiently market the property through Marcus & Millichap’s national exposure.”

Ozturk and Kim Kretowicz, investment sales specialists in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller, a private investor.  At the time of sale, the building, just off of Interstate 280, was 92 percent occupied.