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Post Brothers Sells Philadelphia Property At 4424 N Broad St For $9.2M With Marcus & Millichap Reps

Property Image
SOLD
$9,200,000

Pennsylvania

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Retail38,234 SF
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Property Image
SOLD

Post Brothers Sells Philadelphia Property At 4424 N Broad St For $9.2M With Marcus & Millichap Reps

4424 N Broad St, Philadelphia, PA, 19...

See Similar Deals
Retail38,234 SF
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Summary

PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$240
Total Square Footage:38234 SF
Transaction Type:Sale

The property asset involved in the transaction is Victory Square, a retail center located at 4424 N Broad St, Philadelphia, PA. The center is fully leased and spans a total of 38,234 square feet. It was sold for $9,200,000. The property sits on a two-acre lot and was originally constructed in 1980, with renovations completed in 2016. It is anchored by an 18,500-square-foot Save-A-Lot grocery store and has other tenants including Dollar Tree, Taco Bell, and a laundromat.

Summary of transaction details:

  • Property Type: Retail Center
  • Transaction Amount: $9,200,000.00
  • Address: 4424 N Broad St, Philadelphia, PA
  • Market: Philadelphia
  • Square Footage: 38,234
  • Buyer: Unknown
  • Seller: Post Brothers
  • Buyer's Representative: Mark Taylor - Marcus & Millichap
  • Seller's Representative: Derrick Dougherty - Marcus & Millichap

In this transaction, Derrick Dougherty, Scott Woodard, and Mark Taylor of Marcus & Millichap represented the seller, Post Brothers, along with the out-of-market buyer. The transaction highlights the involvement of these key individuals from the brokerage firm in managing the sale process.

Players

Mark Taylor
4 deals$122.4M volume
BROKER

Derrick Dougherty
Marcus & Millichap
28 deals$182.9M volume
BROKER

Scott Woodard
Marcus & Millichap
13 deals$111.4M volume
BROKER

Post Brothers
SELLER

Details

SOLD
IMAGE: 4424 N Broad St, Philadelphia, PA, 19... MARKET: Philadelphia BUYER'S REP: Mark Taylor -Marcus & Millichap SELLER'S REP: Derrick Dougherty -Marcus & Millichap BUYER: Unknown SELLER: Post Brothers PRICE: $9,200,000.00 SF: 38234

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