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Marcus & Millichap Negotiates $3.4M Sale of Retail Property in Bloomfield, New Jersey

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Located in Bloomfield, N.J., Terry’s Drug Retail Strip is occupied by five retailers.

BLOOMFIELD, N.J. — Marcus & Millichap has arranged the sale of Terry’s Drugs Retail Strip, a retail property located at 1049 Broad St. in Bloomfield. A private investor sold the property for $3.4 million. At the time of sale, the 8,500-square-foot center was fully leased to five retailers. Ben Sgambati, Alan Cafiero and David Cafiero of Marcus & Millichap represented the seller. The name of the buyer was not released.

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