David E. Thurston, director, NOIPG and Net Lease Group, and investment specialist Brian Schifilliti in Marcus & Millichap's New Jersey office, sold the properties on behalf of the seller, a local private investor who was a third-generation owner. The two-building portfolio had been in the seller's family for over 90 years. The buyer, a national investor, was secured by Thurston who had previously represented the buyer in several transactions on both the sell and buy side.

"While it is still a challenging real estate market and overcoming obstacles in getting to the finish line is the order of the day," says Thurston, "transactions are being completed and perseverance in working through those challenges with the parties makes the closing that much more gratifying." Schifilliti adds that "Bergen County properties are still especially desired in this market."

The firm has also been active in other markets, having recently sold an 11-unit apartment property in Newark for $250,000. Senior associate Steve Sussman in Marcus & Millichap's Miami office and Christopher Rizzolo, investment specialist in the New Jersey office, had the exclusive listing to market the property on behalf of the seller, a financial institution from Ohio.