8A — October 26 - November 8, 2018 — Shopping Centers — M id A tlantic

Real Estate Journal


S hopping C enters

Dougherty &Woodard of the Philadelphia office secure a +$3.592M sale of a Wawa in Paulsboro, NJ Marcus & Millichap NJ office completes retail property sales totaling $6,413,900 million

IVERVALE, NJ — Marcus & Millichap New Jersey office com- pleted the following transac- tions: A 14,900 s/f retail property, occupied by The RuddO'Connor Building, located in Rivervale sold for $4,838,900. Alan Cafiero, Ben Sgam- bati, DavidCafiero and John Moroz, investment specialists in Marcus & Millichap's New Jersey office had the listing to market the property on behalf of the seller, a private investor. The team also secured and rep- resented the buyer, a limited R

sold for $1.575 million. Alan Cafiero, Ben Sgambati, David Cafiero and Michael

DeVita , in- v e s t m e n t s p e c i a l i s t s in Marcus & Mi l l i chap ' s New Jersey o f f i c e , had the listing to market the property on behalf of the seller, a pri- vate investor. D o l l a r General is lo- cated at 397 Sp r i ngda l e Ave. in East Orange, two blocks away

e Journal — Commercial Office Properties — February 23 - March 15, 2018 — 1C

Derrick Dougherty

Rd. The shopping strip is 100 percent occupied and has an excellent tenant mix. The Rudd O'Connor Building

liability company. The Rudd O'Connor Build- ing is located at 184 Rivervale

A 6,960 s/f foot net-leased property, occupied by Dollar General, located in East Orange

Scott Woodard

I can build my . . . continued from page 2A pay your lending partner in your venture. In the end, these problems can be fixed for pennies on the dollar. The true cost of an insurance policy is not just the premium, but the premium plus the cost of uncovered claims. Working with a pro- fessional who can help you understand the policy you are purchasing is the most effec- tive way to protect an asset, not the bank requirements for insurance. This helps you know that you can adequately recover from a worst-case sce- nario, and continue to hold an asset that was successful prior to a loss. Matthew Mauer is a Cer- tified Insurance Counselor (CIC) and a senior account executive in the Proper- ty & Casualty Division of American Insurance Administrators, an Alera Group Company.  The buyer, a limited lia- bility company, was secured and represented by Derrick Dougherty , first vice president investments, and Scott Wood- ard , associate, in Marcus & Millichap’s Philadelphia office. Wawa is located at 51 Berk- ley Road in Paulsboro, NJ.  from the Garden State Park- way entrance ramp and one mile from I-280. Marcus & Millichap an- nounced the sale of Wawa, a 4,854 s/f net-leased property located in Paulsboro, NJ. The asset sold for $3,592,553 at a 4.69 percent capitalization rate.




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