Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity of Clayton Park Residences - Approved Development, located at 516 S Delsea Drive, 544 S Delsea Drive, 552 S Delsea Drive, and 257 Novak Drive in Clayton, New Jersey. Comprised of 112 units, amongst five buildings, the development is situated on a total of 5.8 acres and is located less than five miles from Rowan University. Efficiently designed, the garden-style multi-family buildings are each three stories and built with wood frames. With 100 market units and 12 affordable, the units are a mixture of one and two-bedroom units and the full site plan has gained approval by the township. Located in Gloucester County, New Jersey, the development is strategically situated near major highways, including Route 55 and the New Jersey Turnpike. The area’s connectivity provides easy access to larger cities such as Philadelphia, Pennsylvania, about 25 miles to the northwest. This proximity to the major city also sets the town just 29 miles from the nearest airport, Philadelphia International Airport (PHL). Additionally, Clayton Park Residences is under an hour from Cherry Hill, Atlantic City, New Jersey and Wilmington, Delaware. Further out are Toms River, Cape May, and Asbury Park. The property is approximately a 10-minute drive to the prestigious Rowan University, 15 minutes from the state-of-the-art Inspira Medical Center in Mullica and 20 minutes from downtown Philadelphia. Development growth in Gloucester County has been fueled by nearly $1 billion in development, including a proposed $480M youth-soccer development complex and the recently completed Inspira Medical Center in Mullica Hill, which was named a Top Teaching Hospital nationally by The Leapfrog Group. The development is under five miles from Glassboro, home to Rowan University, which recently saw a significant improvement in its U.S. News & World Report college rankings. The esteemed university moved up 30 places overall to 163 among 1,500 national universities. Rowan University also improved in various categories, including Top Public Schools, Best Value Schools, and Social Mobility, with the latter showing a 116-place jump. Additionally, Rowan's Rohrer College of Business, Computer Science, Economics, and Henry M. Rowan College of Engineering programs received national rankings, with the engineering program climbing 32 places to 105. Clayton’s economy is supported by a mix of small businesses, manufacturing, and services. Major employers in the area include Clayton Public Schools, local manufacturing companies, and various small businesses. The Inspira Medical Center, in the nearby city of Mullica Hill, offers a range of medical services, including primary care, specialty care, and advanced surgical procedures. The nearby Glassboro Wildlife Management Area offers outdoor recreational opportunities, including hiking, bird watching, and fishing, enhancing the town’s appeal as a recreational destination.