Agree Realty Corp. Acquires Retail Property In Deptford For $17M

1851 Deptford Center Road, located in Deptford, was recently sold in a transaction on April 28, 2022. The property is a retail asset spanning 6.08 acres in size. The sale was facilitated by brokers David H. Wirth, Andrew Fallon, and Rick Fernandez from SRS Real Estate Partners-Northeast LLC. The buyer, Agree Realty Corp., acquired the property from Next Realty LLC.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $17,000,000
• Square Footage: 60,759
• Price Per Square Foot: $280
• Market: Deptford

This transaction highlights the involvement of Agree Realty Corp. as the buyer and Next Realty LLC as the seller. The deal was brokered by David H. Wirth, Andrew Fallon, and Rick Fernandez from SRS Real Estate Partners-Northeast LLC. The property's size and location in Deptford make it an attractive retail asset for the buyer. This successful transaction demonstrates the expertise and negotiation skills of the involved brokers.