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Marcus & Millichap Arranges $5.38 Million Sale of Medical and Retail Assets in South Jersey

January 06, 2025

DEPTFORD, N.J., Jan. 6, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Medical at Riverwinds, a two-building medical and retail property in Deptford, New Jersey, for $5,375,000. 

“We’re very happy to announce the sale of ‘Medical at RiverWinds’ in West Deptford, New Jersey. We had significant activity on this deal due to the property’s overall condition and strong tenant roster,” said Brent Hyldahl, first vice president investments. “Positioned at the entrance of the RiverWinds Senior Living Community, the property benefits from a steady stream of potential patients and clients, ensuring long-term demand for its services. This sale highlights the growing appeal of well-located, high-quality medical properties, a sector that continues to capture strong investor attention.” 

Hyldahl, Alan Cafiero, and Seth Goldberg, investment specialists in Marcus & Millichap’s New Jersey office, exclusively marketed the property on behalf of the seller, Strategic Funding Alternatives, LLC, and procured the buyer, a New York-based private investor. 

Located at 196-204 Grove Ave., Medical at Riverwinds consists of two fully occupied buildings totaling approximately 23,525 square feet on a 2.18-acre parcel. Tenants include Cooper University Health, Virtua Health, Advance Radiology and Columbia Bank. The properties are at the signalized intersection and entrance of the RiverWinds at Deptford senior living community, minutes from local hospitals.

 

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.

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