MILFORD, NJ, September 27, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Holland Center, a 10,777-square foot neighborhood shopping center located in Milford, NJ. The asset sold for $2,051,554.
Derrick Dougherty, Mark Krantz and Shannon Bona investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a private investor. The private buyer was secured and represented by Mark Taylor, senior managing director investments also in the firm’s Philadelphia office.
“Based on the response we received from the market, it’s clear that buyer demand for assets positioned well in the submarket with stable rent rolls and predictable cash flow remains high in Hunterdon County,” says Krantz.
Holland Center is located at 621-641 Milford Warren Glen Road in Milford, NJ. The fully occupied center sits on a five-acre lot at the intersection of 164 and Milford Warren Glen Road. The six-tenant center includes a mixture of well-established restaurants and retail businesses that have served the Hunterdon county for year