1128 Springfield Ave. in Irvington — Courtesy: Marcus & Millichap
By Joshua Burd
A developer has sold the ground lease for an 8,000-square-foot net-leased retail property in Irvington, in a nearly $4 million deal arranged by Marcus & Millichap.
In a news release, the brokerage said it represented the seller of the AutoZone property at 1128 Springfield Ave. The firm also procured and represented the buyer, a private investor.
Marcus & Millichap investment specialists Alan Cafiero, Ben Sgambati, David Cafiero and Michael DeVita completed the $3.935 million sale, noting that the property sits on an oversized 2.1-acre parcel and has the potential for future upside.