Vantage Commercial sold an investment portfolio consisting of four-property dental portfolio located throughout Southern New Jersey. In a Thursday announcement Vantage said it assisted both the seller and the buyers, a Gloucester County-based investment group, with the transaction.
Consisting of four long-term leased dental properties in Mullica Hill, Deptford Township, Logan Township, and Pennsville, this unique portfolio offers the investment group the stability of fully operational dental practices.
Three out of the four properties are located in Gloucester County, tenanted by ProSmile, a national Dental Service Organization, and the fourth property, tenanted by a local dental group, Koala Kare, is located in Salem County. Both counties are experiencing exponential growth, thus attracting new investors to the local communities.
The seller was able to capitalize on the current valuations of the land, buildings, and long-term dental leases, leading to a successful transaction. The investment group deployed funds from a 1031 exchange to secure the buildings with the understanding that the properties have the potential for continued increases in land and property valuations.
Vantage Commercial’s Corinne Giletto, director of Client Services, and Emily Stein, managing director and director of Health Care Services, were able to maximize the value of the portfolio by creating value in the current cap rate, future cap rate, and property valuations. Their expertise in identifying the purchaser who needed to deploy funds and find a secure long-term investment was paramount in closing the deal.