The commercial real estate brokerage firm Marcus & Millichap has announced the sale of a 10,000-square-foot medical office property located at 301 Penn Avenue in West Reading, Pennsylvania. The property was sold for $2,800,000 by a private investor. Situated in a high-traffic area, the property benefits from over 33,900 vehicles passing by daily.

Summary of transation details

• Property Type: Medical Office
• Transaction Amount: $2,800,000
• Address: 301 Penn Avenue, West Reading, Pennsylvania
• Market: West Reading, Pennsylvania
• Brokers: Mher Vartanian, Craig Dunkle & Clayton Hollinger - Marcus & Millichap
• Square Footage: 10,000
• Price per Square Foot: $280

This transaction showcases the resilience of the medical office sector amid market uncertainties. The property's strategic location in a high-traffic area adds to its investment value. The sale was facilitated by Marcus & Millichap, with brokers Mher Vartanian, Craig Dunkle, and Clayton Hollinger representing the parties involved.