Marcus & Millichap Arranges $5.5 Million Sale of Wawa Store in New Jersey

by Camren Skelton

Ewing Township, N.J. — Marcus & Millichap has arranged the $5.5 million sale of a newly constructed Wawa convenience store/gas station in Ewing Township.

The sales price represents a capitalization rate below 5 percent. Jason Petrick of Marcus & Millichap arranged the transaction on behalf of the seller, a private REIT, and procured the 1031 exchange buyer.

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