Marcus & Millichap Brokers Sell Retail Property In University City, Philadelphia For $9.5M

The retail property located at 701 W Lehigh Ave in University City, Philadelphia has been sold for a price of $9,500,000. The property spans a total area of 31,573 square feet, resulting in a price per square foot of $301. The transaction took place on September 22, 2022. The property is situated in a vibrant market, University City.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,500,000
• Address: 701 W Lehigh Ave
• Market: University City, Philadelphia
• Square Footage: 31,573
• Price per Square Foot: $301

The sale of this retail property was facilitated by the brokers Scott Woodard, Derrick Dougherty, Ridge MacLaren, Clarke Talone, Andrew Townsend, Colin Reder, and Sean Beuche, who represented the seller and buyer in the transaction. The brokers are affiliated with Marcus & Millichap.