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 Stafford Park Business Campus, a 24,900-square foot office/medical property located in Manahawkin, NJ, according to James McGuckin, regional manager of the firm’s New Jersey office. The asset sold for $8,700,000.
Alan Cafiero, Brent Hyldahl and Seth Goldberg, investment specialists in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Alan Cafiero, Brent Hyldahl and Seth Goldberg.
Hyldahl comments, “Ocean County Social Services has been here since the building was constructed and occupies 71% of the total GLA, making this an extremely attractive investment opportunity.”
Stafford Park Business Campus is located at 333 Haywood Rd in Manahawkin, NJ. The property is 100% occupied with four tenants operating on NNN leases and is located just 7 miles from Long Beach Island.