The Union Avenue Plaza in Somerville, New Jersey has been successfully sold by SNS Real Estate Investment Group for $3.5 million. This retail center, located at 21-29 Union Ave and spanning over 20,866 square feet, is home to eight fully occupied tenants including the longstanding New Jersey Department of Motor Vehicles. Its prime location near major highways such as Interstate 287, US-22 and 202 adds to its appeal.
Marcus & Millichap’s Hyldahl and Alan Cafiero from their New Jersey office expertly marketed the property on behalf of the seller and secured a buyer – an individual/personal trust.
In recent news: The sale of Somerville’s Union Ave Plaza for $4 million marks another successful transaction in this thriving real estate market.
