Sridhar Dargula Purchases 8 Tenant Retail Center From John Chan For $4,217,000 In Runnemede

A retail asset located at 601 East Evesham Road in Runnemede was sold for $4,217,000. The property consists of an 8 tenant retail center with a total square footage of 28,145 and a price per square foot of $149. Two lots at the back of the property were included in this transaction. The deal was executed at an 8% cap rate.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,217,000
• Buyer: Sridhar Dargula
• Seller: John Chan
• Buyer's Representative: Haley Hasho & Joey Mohsen - Exodus Capital
• Seller's Representative: Mendel Hodakov
• Square Footage: 28,145
• Price per Square Foot: $149
• Cap Rate: 8%
• Additional Lots: Two lots in the back of the property

Exodus Capital, alongside their broker of record Bang Realty-New England, Inc, was responsible for representing the buyer in this transaction, while Mendel Hodakov represented the seller. This collaboration facilitated the successful completion of the deal.