342 Route 46 in Mount Olive — Courtesy: Marcus & Millichap
By Joshua Burd
An investor has acquired a 3,250-square foot retail property in Mount Olive, in a newly completed transaction by Marcus & Millichap.
The buyer, a private LLC, paid $1.43 million for the building at 342 Route 46. The property is home to a Valley National Bank branch.
“The combination of the property’s strong corporate credit, long lease term and quality New Jersey real estate attracted the buyer to this deal,” said Michael Kook, a broker in Marcus & Millichap’s Manhattan office, who represented the buyer.
