Retail property President’s Square in Bergen County was sold for $5.85 million.
James McGuckin, regional manager of Marcus & Millichap’s New Jersey office, announced the sale on Dec. 23. Investment specialists Alan Cafiero and Kevin Taub had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Located at 125 Washington Ave. in Dumont, President’s Square covers 17,441 square feet.
“The property is a mixed-use retail/office complex at the signalized corner of Washington Avenue and Madison Avenue,” Cafiero said in a statement. “Hard corner intersection properties are difficult to find in Bergen County and command premium pricing.”
Cafiero was also part of the recent sale of a net-leased property in Manasquan for $3.26 million.
