Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Wawa, a 4,854-square-foot net-leased property located in Paulsboro, NJ. The asset sold for $3,592,553 at a 4.69 percent capitalization rate.

The buyer, a limited liability company, was secured and represented by Derrick Dougherty, first vice president investments, and Scott Woodard, associate, in Marcus & Millichap’s Philadelphia office.

Wawa is located at 51 Berkley Road in Paulsboro, NJ.

About Marcus & Millichap (NYSE: MMI)

With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com