The property asset involved in this transaction is a retail property net leased to Wawa, located at 485 Woodbury Glassboro Road, Sewell, NJ. The property has a transaction price of $5,400,000 and encompasses a total area of 2,000 square feet. The sale reflects a 4.5 percent capitalization rate in the Sewell market.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $5,400,000.00
• Address: 485 Woodbury Glassboro Rd, Sewell, NJ
• Market: Sewell
• Buyer: Private LLC
• Buyer’s Representative: Derrick Dougherty - Marcus & Millichap
• Seller: Undisclosed
• Square Footage: 2,000
• Capitalization Rate: 4.5%

Derrick Dougherty and Scott Woodard from Marcus & Millichap represented the buyer, a private limited liability company, in this transaction, while the seller remains undisclosed. The involvement of Marcus & Millichap illustrates the firm's role in facilitating the sale of the net-leased retail property.