ExchangeRight Acquires Retail Property At 1937 York Road Jamison PA From Arctrust For $12.17M

The retail property located at 1937 York Road in Jamison, PA, was sold for $12.17 million. The asset spans 25,000 square feet, resulting in a price per square foot of $487. This transaction involved an all-cash deal for a high-profile net lease asset that includes tenants such as Wawa and Tractor Supply, alongside nearly 12 acres of land designated for future development.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,170,000
• Buyer: ExchangeRight
• Seller: Arctrust
• Brokers: Matthew Gorman & Michael Shover - CBRE
• Square Footage: 25,000
• Price Per Square Foot: $487
• Market: Jamison, PA

Matthew Gorman and Michael Shover from CBRE represented the seller, Arctrust, in the transaction. The buyer, ExchangeRight, is an institutional entity looking to acquire a significant net lease asset, aligning with their investment strategy focusing on high-profile properties and expansion potential.