14 Wanaque Ave. — Courtesy: Marcus & Millichap
By Joshua Burd
A private investor has paid $2.3 million for a nearly 8,000-square-foot retail property in Pompton Lakes, brokerage firm Marcus & Millichap said Monday.
Known as Pompton Mall, the 7,870-square foot building sits at 14 Wanaque Ave. The property is located just off the intersection of Ringwood and Wanaque avenues, offering easy access to Interstate 287.
Ben Sgambati, Alan Cafiero and John Moroz, investment specialists in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller, who is also a private investor. The buyer was a cooperating broker.