Marcus & Millichap said it recently helped trade Aaron’s Strip Center, an 18,130-square-foot retail strip in North Bergen for $6,415,000.
“This asset drew extraordinary interest from the investor community due to its high-quality tenants and premier location,” Alan Cafiero, senior managing director investments, said. “The property is just one mile from the Lincoln Tunnel to New York City and features incredible population density, with more than 100,000 people living within one mile.”
Alan Cafiero, Brent Hyldahl and Devin Perez, investment specialists in Marcus & Millichap’s New Jersey office, exclusively marketed the property on behalf of the seller and procured the buyer, a local private investor.
The fully occupied property at 2229 John F. Kennedy Blvd. houses six tenants, including anchor tenant Aaron’s and several local businesses. Nearby national retailers include ShopRite, Starbucks, Aldi, and Dunkin’.
