Rishi Sheth Acquires Hotel In Absecon For $1.15M With Brokers Joseph Spinella And Tim Emrich

The property involved in this transaction is a hotel located at 461 White Horse Pike in the Absecon market. This asset encompasses a total square footage of 6,103 and has been sold for $1,150,000, which translates to a price per square foot of $188.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $1,150,000
• Address: 461 White Horse Pike
• Market: Absecon
• Square Footage: 6,103
• Price per Square Foot: $188
• Buyer: Rishi Sheth
• Seller: Narendrakumar Patel
• Brokers: Joseph Spinella, Tim Emrich & Dan Keenan - KW Commercial; Henry Eisenstein - EXP Realty

Joseph Spinella, who served as one of the brokers in this transaction, can be reached for any commercial real estate assistance at 732-837-2832. He is the Director of Commercial Real Estate. The collaboration involved multiple brokers representing both sides of the transaction, emphasizing a coordinated effort in closing this sale.