603, 608, 620 and 730 North Broad St. in Woodbury — Courtesy: Marcus & Millichap
By Joshua Burd
A private buyer has closed on a four-building medical office portfolio in the Gloucester County city of Woodbury, under a deal arranged by Marcus & Millichap.
Located at 603, 608, 620 and 730 North Broad St., the properties total 52,079 square feet, boasting a location about a mile from Interstate 295. A personal trust sold the portfolio for $7.2 million, with Marcus & Millichap representing both parties.
Alan Cafiero, Brent Hyldahl and Ben Sgambati completed the deal for the investment sales firm.
“These buildings have been impeccably maintained and managed throughout the previous ownership’s tenure,” Hyldahl said. “With historically high occupancy rates, they offer a stable cash flow with established medical tenants and easy access to multiple major highways in the area.”