4651 Route 9 in Howell — Courtesy: Marcus & Millichap
By Joshua Burd
A private investor has purchased the site of a Mavis Discount Tire store in Monmouth County for $2.8 million, in a newly announced deal by Marcus & Millichap.
Located at 4651 Route 9 in Howell, the building spans 5,495 square feet and is net leased to the national chain. The Marcus & Millichap team of Alan Cafiero, Brent Hyldahl and Seth Goldberg represented an LLC in the sale, while also procuring the buyer.
“The property garnered a significant amount of interest from the investment community as soon as it hit the market,” Goldberg said. “There were several offers received within the first few days, which ultimately led to a full price offer from a 1031 exchange buyer.”
