Jeffery Schneider Of Strategic Funding Alternatives Sells Mixed-Use Property In Deptford For $5.375M

The property involved in the transaction is a mixed-use asset located at 196-204 Grove Avenue in Deptford, covering an area of 2.18 acres. The sale price for the property was $5,375,000, with a total square footage of 23,525 and a price per square foot of $228. The asset is fully occupied by tenants including Cooper University Health and Virtua Health and is situated at the entrance of the Riverwinds Senior Living Community.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,375,000
• Address: 196-204 Grove Avenue
• Market: Deptford
• Asset Size: 2.18 acres
• Square Footage: 23,525
• Price per Square Foot: $228
• Seller: Jeffery Schneider - Strategic Funding Alternatives, LLC
• Brokers: Alan Cafiero, Brent Hyldahl & Seth Goldberg - Marcus & Millichap
• Tenants: Cooper University Health, Virtua Health
• Buyer: New York-based private investor

Marcus & Millichap represented the seller, Jeffery Schneider, in this transaction. The firm played a key role in facilitating the sale of this medical and retail property, illustrating their expertise in handling mixed-use assets in the market.