175 Route 35 in Eatontown — Courtesy: Marcus & Millichap
By Joshua Burd
A buyer has paid nearly $6 million for the site of a 60,000-square-foot furniture store in Monmouth County, in a newly completed deal by Marcus & Millichap.
In a news release, the brokerage firm said it represented both parties in the sale of 175 Route 35 in Eatontown. An undisclosed LLC purchased the property, which is net-leased to Ashley Furniture HomeStore, from a personal trust.
“Well-located retail properties in New Jersey are still commanding premium pricing, even if they have a short-term lease and are not considered ‘essential’ ” said Marcus & Millichap’s Alan Cafiero, who brokered the roughly $5.96 million deal.
