Scrub Daddy Acquires Industrial Property In Pennsauken For $10.7M

Scrub Daddy, a company specializing in household cleaning products, has recently purchased an industrial property in Pennsauken, located at 1700 Suckle Highway. The property, facilitated by real estate broker Scott Mertz from NAI Mertz, was sold by the Seyon Group. The transaction took place on 03/17/2021.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $10,700,000
• Square Footage: 116,284
• Price per Square Foot: $92

The buyer, Scrub Daddy, saw the potential in this industrial asset situated in Pennsauken. With a transaction amount of $10,700,000, the property spans across an area of 116,284 square feet, resulting in a price per square foot of $92. This acquisition marks a significant investment for Scrub Daddy in expanding their business operations.

Representing Scrub Daddy in this transaction is broker Scott Mertz from NAI Mertz, while the seller, Seyon Group, was guided by their representative. Both parties played pivotal roles in successfully closing the deal, demonstrating their expertise in the real estate industry.