Marcus & Millichap on Monday said it sold Medical at Riverwinds, a two-building medical and retail property in Deptford for $5,375,000.
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.
“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,” Brent Hyldahl, first vice president investments said. “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.
