14 Route 36 in Hazlet — Courtesy: Marcus & Millichap
By Joshua Burd
An investor has sold a Monmouth County retail property for nearly $4.5 million, under a newly announced transaction by Marcus & Millichap.
The firm on Tuesday said it represented an LLC in the sale of 14 Route 36 in Hazlet, a 14,112-square-foot center that is home to CVS, Best Buy Liquors and Development Parc. An unnamed buyer purchased the property for $4.482 million.
Marcus & Millichap investment specialists Alan Cafiero, Ben Sgambati and David J. McLaughlin led the marketing assignment out of the firm’s New Jersey office.